L1 Global Manager Pty Ltd Makes New $755,000 Investment in Crane Harbor Acquisition Corp. II $CRANU

L1 Global Manager Pty Ltd bought a new stake in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $755,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Highbridge Capital Management LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at $12,078,000. Periscope Capital Inc. purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at $7,804,000. MMCAP International Inc. SPC purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at $6,546,000. BNP Paribas Financial Markets purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at $5,906,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at $5,035,000.

Crane Harbor Acquisition Corp. II Stock Down 0.0%

Shares of CRANU stock opened at $10.27 on Friday. The company has a fifty day moving average price of $10.19. Crane Harbor Acquisition Corp. II has a twelve month low of $10.04 and a twelve 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.