Highbridge Capital Management LLC Makes New $12.08 Million Investment in Crane Harbor Acquisition Corp. II $CRANU

Highbridge Capital Management LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,200,000 shares of the company’s stock, valued at approximately $12,078,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Periscope Capital Inc. acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $7,804,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $5,035,000. BNP Paribas Financial Markets acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $5,906,000. MMCAP International Inc. SPC acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $6,546,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $1,897,000.

Crane Harbor Acquisition Corp. II Stock Up 0.3%

NASDAQ CRANU opened at $10.21 on Friday. Crane Harbor Acquisition Corp. II has a 52 week low of $10.04 and a 52 week high of $11.23. The business’s 50 day moving average price is $10.18.

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.