Wealthspring Capital LLC purchased a new position in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $2,518,000.
Other institutional investors and hedge funds have also modified their holdings of the company. ABC Arbitrage SA acquired a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter worth approximately $403,000. Deltec Asset Management LLC acquired a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter worth approximately $504,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter worth approximately $1,218,000.
Crane Harbor Acquisition Corp. II Stock Performance
CRANU opened at $10.25 on Thursday. The stock has a 50 day moving average price of $10.13. Crane Harbor Acquisition Corp. II has a 1-year low of $10.04 and a 1-year high of $11.11.
Crane Harbor Acquisition Corp. II Company 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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