Alberta Investment Management Corp acquired a new position in shares of Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 600,000 shares of the company’s stock, valued at approximately $6,039,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at about $201,000. HRT Financial LP purchased a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $294,000. ABC Arbitrage SA acquired a new stake in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $403,000. Glazer Capital LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at $503,000. Finally, Westchester Capital Management LLC purchased a new stake in Crane Harbor Acquisition Corp. II in the 4th quarter valued at $503,000.
Crane Harbor Acquisition Corp. II Stock Up 1.2%
CRANU stock opened at $10.37 on Wednesday. The firm has a fifty day simple moving average of $10.20. Crane Harbor Acquisition Corp. II has a 12 month low of $10.04 and a 12 month high of $11.23.
Crane Harbor Acquisition Corp. II 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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Want to see what other hedge funds are holding CRANU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Free Report).
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