500,000 Shares in Crane Harbor Acquisition Corp. II $CRANU Bought by Radcliffe Capital Management L.P.

Radcliffe Capital Management L.P. purchased a new stake in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) during the 4th quarter, HoldingsChannel reports. The firm purchased 500,000 shares of the company’s stock, valued at approximately $5,035,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in Crane Harbor Acquisition Corp. II in the 4th quarter worth $201,000. HRT Financial LP purchased a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter worth about $294,000. ABC Arbitrage SA bought a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter valued at about $403,000. Glazer Capital LLC bought a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter valued at about $503,000. Finally, Deltec Asset Management LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II during the fourth quarter valued at about $504,000.

Crane Harbor Acquisition Corp. II Stock Up 1.2%

CRANU stock opened at $10.37 on Wednesday. Crane Harbor Acquisition Corp. II has a 1 year low of $10.04 and a 1 year high of $11.23. The business has a 50-day moving average of $10.20.

Crane Harbor Acquisition Corp. II 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.