Context Capital Management LLC Purchases 300,000 Shares of Cal Redwood Acquisition Corp. $CRAQ

Context Capital Management LLC purchased a new position in shares of Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 300,000 shares of the company’s stock, valued at approximately $3,120,000.

Separately, Sona Asset Management US LLC purchased a new stake in shares of Cal Redwood Acquisition in the first quarter valued at $3,086,000.

Cal Redwood Acquisition Trading Up 0.1%

Shares of NASDAQ CRAQ opened at $10.46 on Wednesday. The company has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $10.29. Cal Redwood Acquisition Corp. has a 12 month low of $10.08 and a 12 month high of $10.45.

Cal Redwood Acquisition (NASDAQ:CRAQ) last announced its quarterly earnings data on Monday, August 17th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $2.11 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Cal Redwood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Cal Redwood Acquisition

Cal Redwood Acquisition Corp. is a special purpose acquisition company (SPAC), formed to pursue a merger, stock purchase, asset acquisition, reorganization, or similar business combination with one or more operating businesses. As a blank-check company, Cal Redwood does not have significant operating activities, products, or services of its own. Its business is focused on identifying and completing a suitable transaction. Until it completes a business combination, the company’s operations are primarily related to evaluating potential acquisition targets and meeting its obligations as a publicly traded company.