Sona Asset Management US LLC Takes Position in Cal Redwood Acquisition Corp. $CRAQ

Sona Asset Management US LLC purchased a new position in Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 304,000 shares of the company’s stock, valued at approximately $3,086,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRAQ. Wealthspring Capital LLC boosted its holdings in shares of Cal Redwood Acquisition by 469.9% during the fourth quarter. Wealthspring Capital LLC now owns 441,520 shares of the company’s stock valued at $4,459,000 after acquiring an additional 364,040 shares during the period. L1 Global Manager Pty Ltd acquired a new stake in shares of Cal Redwood Acquisition in the 4th quarter worth about $507,000. Lineage Point Capital LP acquired a new stake in shares of Cal Redwood Acquisition in the 4th quarter worth about $2,846,000. Radcliffe Capital Management L.P. lifted its position in Cal Redwood Acquisition by 16.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after purchasing an additional 76,582 shares during the last quarter. Finally, ABC Arbitrage SA bought a new stake in Cal Redwood Acquisition in the 4th quarter valued at about $304,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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.com, Cal Redwood Acquisition currently has an average rating of “Sell”.

Cal Redwood Acquisition Price Performance

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

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