Periscope Capital Inc. purchased a new position in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 775,000 shares of the company’s stock, valued at approximately $7,804,000. Crane Harbor Acquisition Corp. II comprises about 0.9% of Periscope Capital Inc.’s portfolio, making the stock its 7th biggest position.
Other institutional investors also recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $403,000. Deltec Asset Management LLC purchased a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $504,000. Wolverine Asset Management LLC purchased a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $1,218,000. Gabelli Funds LLC purchased a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $1,781,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $1,897,000.
Crane Harbor Acquisition Corp. II Price Performance
Shares of Crane Harbor Acquisition Corp. II stock opened at $10.21 on Friday. Crane Harbor Acquisition Corp. II has a 52-week low of $10.04 and a 52-week high of $11.23. The business has a 50 day moving average price of $10.16.
Crane Harbor Acquisition Corp. II 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.
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