Cal Redwood Acquisition Corp. $CRAQ Shares Sold by DLD Asset Management LP

DLD Asset Management LP lessened its stake in Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) by 25.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,000 shares of the company’s stock after selling 50,200 shares during the quarter. DLD Asset Management LP’s holdings in Cal Redwood Acquisition were worth $1,522,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CRAQ. ABC Arbitrage SA purchased a new position in Cal Redwood Acquisition during the fourth quarter valued at $304,000. L1 Global Manager Pty Ltd acquired a new stake in shares of Cal Redwood Acquisition in the fourth quarter valued at about $507,000. Readystate Asset Management LP acquired a new stake in shares of Cal Redwood Acquisition in the fourth quarter valued at about $2,341,000. Lineage Point Capital LP purchased a new stake in shares of Cal Redwood Acquisition during the fourth quarter worth about $2,846,000. Finally, Rivernorth Capital Management LLC increased its stake in shares of Cal Redwood Acquisition by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,015,000 after purchasing an additional 100,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cal Redwood Acquisition in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Cal Redwood Acquisition Trading Down 0.3%

Shares of NASDAQ:CRAQ opened at $10.31 on Thursday. Cal Redwood Acquisition Corp. has a 1 year low of $9.94 and a 1 year high of $10.35. The stock has a 50 day moving average price of $10.29.

Cal Redwood Acquisition (NASDAQ:CRAQ) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.12 EPS for the quarter. The firm had revenue of $2.32 million during the quarter.

Cal Redwood Acquisition Company Profile

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.