306,100 Shares in Crown Reserve Acquisition Corp. I $CRAC Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 306,100 shares of the company’s stock, valued at approximately $3,043,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 1.42% of Crown Reserve Acquisition Corp. I at the end of the most recent quarter.

Separately, Geode Capital Management LLC acquired a new stake in Crown Reserve Acquisition Corp. I during the 4th quarter worth $534,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Crown Reserve Acquisition Corp. I Stock Performance

Shares of Crown Reserve Acquisition Corp. I stock opened at $10.11 on Friday. Crown Reserve Acquisition Corp. I has a 12 month low of $9.89 and a 12 month high of $10.11. The business’s fifty day simple moving average is $10.06.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last released its earnings results on Friday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Crown Reserve Acquisition Corp. I Company Profile

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.