Governors Lane LP Acquires Shares of 750,000 Crane Harbor Acquisition Corp. II $CRANU

Governors Lane LP acquired a new stake in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 750,000 shares of the company’s stock, valued at approximately $7,552,000.

A number of other hedge funds have also recently modified their holdings of CRANU. Deltec Asset Management LLC acquired a new position in Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $504,000. Wolverine Asset Management LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter valued at approximately $1,218,000. ABC Arbitrage SA acquired a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at $403,000. Wealthspring Capital LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at $2,518,000. Finally, Gabelli Funds LLC purchased a new stake in Crane Harbor Acquisition Corp. II during the fourth quarter worth $1,781,000.

Crane Harbor Acquisition Corp. II Price Performance

CRANU opened at $10.24 on Thursday. The firm has a fifty day moving average price of $10.21. Crane Harbor Acquisition Corp. II has a fifty-two week low of $10.04 and a fifty-two week high of $11.23.

Crane Harbor Acquisition Corp. II 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.