Highbridge Capital Management LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,200,000 shares of the company’s stock, valued at approximately $12,078,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Periscope Capital Inc. acquired a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter worth $7,804,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter worth $5,035,000. BNP Paribas Financial Markets acquired a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter worth $5,906,000. MMCAP International Inc. SPC acquired a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter worth $6,546,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter worth $1,897,000.
Crane Harbor Acquisition Corp. II Trading Up 0.3%
Shares of NASDAQ:CRANU opened at $10.21 on Friday. The stock’s fifty day moving average is $10.18. Crane Harbor Acquisition Corp. II has a 12 month low of $10.04 and a 12 month high of $11.23.
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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