Crane Harbor Acquisition Corp. II’s (NASDAQ:CRANU – Get Free Report) lock-up period will 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 end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Crane Harbor Acquisition Corp. II Stock Performance
CRANU opened at $10.21 on Monday. Crane Harbor Acquisition Corp. II has a 1-year low of $10.04 and a 1-year high of $11.23. The stock has a 50 day simple moving average of $10.18.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $50,000. Virtu Financial LLC bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $198,000. Quarry LP bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $201,000. Sandia Investment Management LP bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $201,000. Finally, HRT Financial LP bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $294,000.
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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