Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) Raised to Hold at Wall Street Zen

Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Sunday.

Crane Harbor Acquisition Corp. II Stock Performance

Shares of NASDAQ:CRANU opened at $10.06 on Friday. Crane Harbor Acquisition Corp. II has a 52-week low of $10.04 and a 52-week high of $10.10.

Crane Harbor Acquisition Corp. II Company 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.