Polar Asset Management Partners Inc. Reduces Stake in Cal Redwood Acquisition Corp. $CRAQ

Polar Asset Management Partners Inc. lowered its holdings in shares of Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) by 33.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of the company’s stock after selling 200,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in Cal Redwood Acquisition were worth $4,064,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealthspring Capital LLC grew its holdings in Cal Redwood Acquisition by 469.9% in the fourth quarter. Wealthspring Capital LLC now owns 441,520 shares of the company’s stock valued at $4,459,000 after purchasing an additional 364,040 shares during the period. L1 Global Manager Pty Ltd purchased a new position in shares of Cal Redwood Acquisition in the 4th quarter worth $507,000. Lineage Point Capital LP purchased a new position in shares of Cal Redwood Acquisition in the 4th quarter worth $2,846,000. Radcliffe Capital Management L.P. boosted its holdings in Cal Redwood Acquisition by 16.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after acquiring an additional 76,582 shares during the last quarter. Finally, Sona Asset Management US LLC acquired a new position in Cal Redwood Acquisition in the first quarter valued at $3,086,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cal Redwood Acquisition in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Cal Redwood Acquisition Stock Performance

CRAQ opened at $10.31 on Monday. Cal Redwood Acquisition Corp. has a 52-week low of $9.94 and a 52-week high of $10.35. The firm’s 50 day moving average price is $10.29.

Cal Redwood Acquisition (NASDAQ:CRAQ) last announced its earnings results on Tuesday, March 31st. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $2.32 million during the quarter.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.