Radcliffe Capital Management L.P. Takes Position in Crown Reserve Acquisition Corp. I $CRAC

Radcliffe Capital Management L.P. bought a new position in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 350,000 shares of the company’s stock, valued at approximately $3,479,000. Radcliffe Capital Management L.P. owned 1.62% of Crown Reserve Acquisition Corp. I as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC acquired a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter valued at $534,000. Wolverine Asset Management LLC acquired a new position in Crown Reserve Acquisition Corp. I during the fourth quarter worth $928,000. Berkley W R Corp bought a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at $2,321,000. Clear Street Group Inc. bought a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at $2,335,000. Finally, Periscope Capital Inc. acquired a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter valued at about $2,458,000.

Wall Street Analysts Forecast Growth

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

Crown Reserve Acquisition Corp. I Stock Performance

Shares of NASDAQ:CRAC opened at $10.12 on Wednesday. Crown Reserve Acquisition Corp. I has a 12-month low of $9.89 and a 12-month high of $10.12. The firm’s 50 day moving average is $10.08.

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

About Crown Reserve Acquisition Corp. I

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.