Crane Harbor Acquisition Corp. II’s Lock-Up Period Will End on June 15th (NASDAQ:CRAN)

Crane Harbor Acquisition Corp. II’s (NASDAQ:CRAN) lock-up period is set to expire on Monday, June 15th. Crane Harbor Acquisition Corp. II had issued 30,000,000 shares in its initial public offering on December 16th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. After the expiration of Crane Harbor Acquisition Corp. II’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on shares of Crane Harbor Acquisition Corp. II in a research report on Tuesday, May 26th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Crane Harbor Acquisition Corp. II Stock Up 0.3%

Shares of CRAN opened at $10.10 on Monday. The business’s 50-day simple moving average is $9.99. Crane Harbor Acquisition Corp. II has a 12-month low of $9.88 and a 12-month high of $10.10.

About Crane Harbor Acquisition Corp. II

Crane Harbor Acquisition Corp. II (NASDAQ: CRAN) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its primary business activity is to raise capital through an initial public offering with the goal of identifying and completing a business combination, merger, acquisition or other similar transaction that will result in an operating company becoming publicly listed. The company’s ordinary course involves maintaining proceeds in trust while pursuing potential targets and negotiating transaction terms.

As a SPAC, Crane Harbor Acquisition Corp.