Magnetar Financial LLC Purchases Shares of 900,000 Crane Harbor Acquisition Corp. II $CRANU

Magnetar Financial LLC purchased a new stake in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 900,000 shares of the company’s stock, valued at approximately $9,058,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRANU. Quarry LP acquired a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter valued at $201,000. HRT Financial LP acquired a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter valued at $294,000. ABC Arbitrage SA acquired a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter valued at $403,000. Glazer Capital LLC acquired a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter valued at $503,000. Finally, Westchester Capital Management LLC acquired a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter valued at $503,000.

Crane Harbor Acquisition Corp. II Stock Performance

Crane Harbor Acquisition Corp. II stock opened at $10.37 on Wednesday. Crane Harbor Acquisition Corp. II has a 1-year low of $10.04 and a 1-year high of $11.23. The company has a fifty day simple moving average of $10.20.

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.