Periscope Capital Inc. Takes Position in Crane Harbor Acquisition Corp. II $CRANU

Periscope Capital Inc. acquired a new stake in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 775,000 shares of the company’s stock, valued at approximately $7,804,000. Crane Harbor Acquisition Corp. II accounts for about 0.9% of Periscope Capital Inc.’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MMCAP International Inc. SPC purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $6,546,000. BNP Paribas Financial Markets purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $5,906,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $5,035,000. Wealthspring Capital LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $2,518,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $1,897,000.

Crane Harbor Acquisition Corp. II Price Performance

NASDAQ CRANU opened at $10.21 on Friday. The company has a 50 day simple moving average of $10.16. Crane Harbor Acquisition Corp. II has a one year low of $10.04 and a one year 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.