Lineage Point Capital LP Makes New $3.02 Million Investment in Crane Harbor Acquisition Corp. II $CRANU

Lineage Point Capital LP purchased a new stake in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 300,000 shares of the company’s stock, valued at approximately $3,021,000.

Several other institutional investors have also recently made changes to their positions in CRANU. Adage Capital Partners GP L.L.C. bought a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth about $27,189,000. Meteora Capital LLC acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $26,583,000. Highbridge Capital Management LLC acquired a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $12,078,000. AQR Arbitrage LLC bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $11,204,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter worth approximately $11,077,000.

Crane Harbor Acquisition Corp. II Price Performance

Shares of Crane Harbor Acquisition Corp. II stock opened at $10.25 on Friday. Crane Harbor Acquisition Corp. II has a 52 week low of $10.04 and a 52 week high of $11.23. The firm has a 50 day moving average price of $10.21.

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.