Cal Redwood Acquisition (NASDAQ:CRAQ) Shares Up 0% – Here’s Why

Shares of Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) rose 0% on Friday . The stock traded as high as $10.26 and last traded at $10.2840. Approximately 10,001 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 45,325 shares. The stock had previously closed at $10.28.

Cal Redwood Acquisition Stock Up 0.0%

The stock’s 50-day moving average is $10.23.

Cal Redwood Acquisition (NASDAQ:CRAQ) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.12 earnings per share for the quarter. The company had revenue of $2.32 million during the quarter.

Hedge Funds Weigh In On Cal Redwood Acquisition

Several hedge funds have recently made changes to their positions in the business. Sona Asset Management US LLC purchased a new position in shares of Cal Redwood Acquisition during the first quarter valued at approximately $3,086,000. Lineage Point Capital LP purchased a new position in shares of Cal Redwood Acquisition during the fourth quarter valued at approximately $2,846,000. Alberta Investment Management Corp purchased a new position in shares of Cal Redwood Acquisition during the fourth quarter valued at approximately $4,072,000. Readystate Asset Management LP purchased a new position in shares of Cal Redwood Acquisition during the fourth quarter valued at approximately $2,341,000. Finally, Rivernorth Capital Management LLC increased its stake in shares of Cal Redwood Acquisition by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,015,000 after buying an additional 100,000 shares during the period.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.