Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Shares Up 0.1% – Time to Buy?

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) was up 0.1% on Thursday . The company traded as high as $9.99 and last traded at $9.99. Approximately 90,109 shares traded hands during trading, an increase of 132% from the average daily volume of 38,799 shares. The stock had previously closed at $9.98.

Crown Reserve Acquisition Corp. I Stock Up 0.1%

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in Crown Reserve Acquisition Corp. I during the fourth quarter valued at approximately $928,000. Geode Capital Management LLC purchased a new position in Crown Reserve Acquisition Corp. I in the fourth quarter worth $534,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth $3,043,000. Periscope Capital Inc. purchased a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter valued at $2,458,000. Finally, Crossingbridge Advisors LLC purchased a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter valued at $5,973,000.

About Crown Reserve Acquisition Corp. I

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.