MMCAP International Inc. SPC Acquires New Shares in Crane Harbor Acquisition Corp. II $CRANU

MMCAP International Inc. SPC acquired a new stake in shares of Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 650,000 shares of the company’s stock, valued at approximately $6,546,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRANU. Wealthspring Capital LLC acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter valued at approximately $2,518,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter valued at approximately $1,897,000. Gabelli Funds LLC acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter valued at approximately $1,781,000. Wolverine Asset Management LLC acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter valued at approximately $1,218,000. Finally, Deltec Asset Management LLC acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter valued at approximately $504,000.

Crane Harbor Acquisition Corp. II Stock Performance

Shares of Crane Harbor Acquisition Corp. II stock opened at $10.25 on Wednesday. The firm’s fifty day simple moving average is $10.16. Crane Harbor Acquisition Corp. II has a 1-year low of $10.04 and a 1-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.