Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500,000 shares of the company’s stock, valued at approximately $5,035,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter worth $5,906,000. MMCAP International Inc. SPC purchased a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter worth $6,546,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter worth $1,897,000. Gabelli Funds LLC purchased a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter worth $1,781,000. Finally, Wealthspring Capital LLC purchased a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter worth $2,518,000.
Crane Harbor Acquisition Corp. II Stock Performance
CRANU stock opened at $10.25 on Thursday. The stock has a fifty day simple moving average of $10.17. Crane Harbor Acquisition Corp. II has a twelve month low of $10.04 and a twelve month high of $11.23.
Crane Harbor Acquisition Corp. II Company Profile
Crane Harbor Acquisition Corp. II (NASDAQ: CRANU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is listed on the Nasdaq stock exchange. As a SPAC, its primary corporate purpose is to raise capital in the public markets through an initial public offering and to use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. The entity itself does not operate commercial businesses; instead, it functions as an acquisition vehicle that brings private companies to the public markets through a merger, acquisition or other business combination.
The company’s activities typically include sourcing potential target companies, conducting due diligence, negotiating transaction terms and structuring the business combination.
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