Mint Tower Capital Management B.V. bought a new position in shares of Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $2,518,000.
A number of other institutional investors and hedge funds also recently modified their holdings of CRANU. ABC Arbitrage SA acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the fourth quarter worth $403,000. Deltec Asset Management LLC acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $504,000. Wolverine Asset Management LLC acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $1,218,000. Gabelli Funds LLC acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $1,781,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $1,897,000.
Crane Harbor Acquisition Corp. II Stock Performance
Shares of Crane Harbor Acquisition Corp. II stock opened at $10.25 on Friday. The business’s 50 day moving average is $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.
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