200,000 Shares in Crown Reserve Acquisition Corp. I $CRAC Acquired by Sona Asset Management US LLC

Sona Asset Management US LLC acquired a new position in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 200,000 shares of the company’s stock, valued at approximately $2,002,000.

A number of other hedge funds have also recently bought and sold shares of CRAC. Polar Asset Management Partners Inc. acquired a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at $14,811,000. Magnetar Financial LLC acquired a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter valued at $14,761,000. Lineage Point Capital LP bought a new position in Crown Reserve Acquisition Corp. I in the fourth quarter valued at about $7,614,000. Westchester Capital Management LLC bought a new position in Crown Reserve Acquisition Corp. I in the fourth quarter valued at about $6,063,000. Finally, Crossingbridge Advisors LLC acquired a new stake in Crown Reserve Acquisition Corp. I in the fourth quarter worth about $5,973,000.

Crown Reserve Acquisition Corp. I Price Performance

CRAC opened at $10.14 on Monday. The stock’s fifty day simple moving average is $10.11. Crown Reserve Acquisition Corp. I has a 52 week low of $9.89 and a 52 week high of $10.15.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.01) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Crown Reserve Acquisition Corp. I

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.