500,000 Shares in Crown Reserve Acquisition Corp. I $CRAC Bought by Context Capital Management LLC

Context Capital Management LLC purchased a new position in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 500,000 shares of the company’s stock, valued at approximately $4,970,000.

A number of other institutional investors have also recently added to or reduced their stakes in CRAC. Wolverine Asset Management LLC purchased a new stake in Crown Reserve Acquisition Corp. I during the 4th quarter worth $928,000. Geode Capital Management LLC acquired a new position in Crown Reserve Acquisition Corp. I in the 4th quarter worth $534,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Crown Reserve Acquisition Corp. I in the 4th quarter worth $3,043,000. Periscope Capital Inc. acquired a new position in Crown Reserve Acquisition Corp. I in the 4th quarter worth $2,458,000. Finally, Crossingbridge Advisors LLC acquired a new position in Crown Reserve Acquisition Corp. I in the 4th quarter worth $5,973,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Crown Reserve Acquisition Corp. I Trading Up 0.0%

Shares of CRAC stock opened at $10.12 on Friday. Crown Reserve Acquisition Corp. I has a 12 month low of $9.89 and a 12 month high of $10.11. The business has a fifty day moving average price of $10.07.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

Crown Reserve Acquisition Corp. I Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank?check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital?raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.