Cal Redwood Acquisition Corp. $CRAQ Stake Reduced by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lowered its stake in Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) by 33.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor 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.

A number of other hedge funds also recently bought and sold shares of the company. Sona Asset Management US LLC purchased a new stake in shares of Cal Redwood Acquisition in the first quarter worth approximately $3,086,000. Lineage Point Capital LP bought a new stake in Cal Redwood Acquisition during the fourth quarter worth approximately $2,846,000. Alberta Investment Management Corp acquired a new position in Cal Redwood Acquisition during the fourth quarter valued at approximately $4,072,000. Readystate Asset Management LP acquired a new position in Cal Redwood Acquisition during the fourth quarter valued at approximately $2,341,000. Finally, Rivernorth Capital Management LLC raised its position in shares of Cal Redwood Acquisition by 33.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,015,000 after purchasing an additional 100,000 shares during the period.

Cal Redwood Acquisition Price Performance

CRAQ opened at $10.31 on Monday. Cal Redwood Acquisition Corp. has a 1-year low of $9.94 and a 1-year high of $10.35. The company has a 50 day simple moving average of $10.29.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cal Redwood Acquisition in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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.