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

DLD Asset Management LP lessened its holdings in shares of Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the company’s stock after selling 50,200 shares during the period. DLD Asset Management LP’s holdings in Cal Redwood Acquisition were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. ABC Arbitrage SA acquired a new stake in Cal Redwood Acquisition during the 4th quarter worth about $304,000. L1 Global Manager Pty Ltd acquired a new position in shares of Cal Redwood Acquisition in the 4th quarter valued at about $507,000. Readystate Asset Management LP purchased a new stake in shares of Cal Redwood Acquisition in the fourth quarter worth about $2,341,000. Lineage Point Capital LP purchased a new stake in shares of Cal Redwood Acquisition in the fourth quarter worth about $2,846,000. Finally, Rivernorth Capital Management LLC grew its holdings in 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 acquiring an additional 100,000 shares during the period.

Analyst Ratings Changes

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

Cal Redwood Acquisition Stock Performance

CRAQ stock opened at $10.31 on Thursday. The stock’s 50-day moving average price is $10.29. Cal Redwood Acquisition Corp. has a 52-week low of $9.94 and a 52-week high of $10.35.

Cal Redwood Acquisition (NASDAQ:CRAQ) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.12 earnings per share for the quarter. The business had revenue of $2.32 million during the quarter.

Cal Redwood Acquisition 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.