Context Capital Management LLC Takes Position in Crane Harbor Acquisition Corp. II $CRANU

Context Capital Management LLC bought a new position in shares of Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 450,000 shares of the company’s stock, valued at approximately $4,532,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRANU. Highbridge Capital Management LLC purchased a new position in Crane Harbor Acquisition Corp. II during the fourth quarter worth $12,078,000. Harraden Circle Investments LLC purchased a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter worth about $10,070,000. Periscope Capital Inc. acquired a new position in Crane Harbor Acquisition Corp. II in the 4th quarter valued at about $7,804,000. MMCAP International Inc. SPC purchased a new position in Crane Harbor Acquisition Corp. II in the 4th quarter valued at about $6,546,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth about $6,039,000.

Crane Harbor Acquisition Corp. II Stock Down 0.0%

Shares of NASDAQ CRANU opened at $10.27 on Friday. The business’s 50-day moving average price is $10.19. 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.