Aristeia Capital L.L.C. 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 filing with the Securities and Exchange Commission (SEC). The fund bought 450,000 shares of the company’s stock, valued at approximately $4,532,000.
A number of other institutional investors also recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. acquired a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter worth $27,189,000. Meteora Capital LLC acquired a new position in Crane Harbor Acquisition Corp. II in the fourth quarter valued at $26,583,000. Highbridge Capital Management LLC acquired a new stake in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $12,078,000. AQR Arbitrage LLC acquired a new stake in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $11,204,000. Finally, Verition Fund Management LLC acquired a new stake in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $10,065,000.
Crane Harbor Acquisition Corp. II Stock Down 0.1%
Shares of NASDAQ CRANU opened at $10.24 on Thursday. Crane Harbor Acquisition Corp. II has a 1-year low of $10.04 and a 1-year high of $11.23. The stock has a 50-day moving average of $10.21.
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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