176,900 Shares in Crane Harbor Acquisition Corp. II $CRANU Purchased by Gabelli Funds LLC

Gabelli Funds LLC purchased a new stake in Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 176,900 shares of the company’s stock, valued at approximately $1,781,000.

Other hedge funds have also recently bought and sold shares of the company. Wealthspring Capital LLC bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $2,518,000. Wolverine Asset Management LLC bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $1,218,000. Deltec Asset Management LLC bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $504,000. Finally, ABC Arbitrage SA bought a new position in Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $403,000.

Crane Harbor Acquisition Corp. II Stock Down 1.0%

CRANU stock opened at $10.25 on Friday. The company has a 50 day moving average of $10.15. Crane Harbor Acquisition Corp. II has a twelve month low of $10.04 and a twelve month high of $11.23.

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.