Aristeia Capital L.L.C. acquired a new stake in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 450,000 shares of the company’s stock, valued at approximately $4,532,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. AQR Arbitrage LLC acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth about $11,204,000. Polar Asset Management Partners Inc. acquired a new position in Crane Harbor Acquisition Corp. II during the fourth quarter worth approximately $10,070,000. Sandia Investment Management LP acquired a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $201,000. Meteora Capital LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $26,583,000. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $50,000.
Crane Harbor Acquisition Corp. II Trading Down 0.1%
NASDAQ:CRANU opened at $10.24 on Thursday. Crane Harbor Acquisition Corp. II has a 12-month low of $10.04 and a 12-month high of $11.23. The company has a 50 day moving average of $10.21.
About Crane Harbor Acquisition Corp. II
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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