Crane Harbor Acquisition Corp. II’s Quiet Period Will Expire on January 26th (NASDAQ:CRANU)

Crane Harbor Acquisition Corp. II’s (NASDAQ:CRANU) quiet period is set to end on Monday, January 26th. Crane Harbor Acquisition Corp. II had issued 30,000,000 shares in its initial public offering on December 16th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Crane Harbor Acquisition Corp. II to a “hold” rating in a research note on Sunday, December 28th.

Crane Harbor Acquisition Corp. II Stock Up 0.2%

CRANU stock opened at $10.18 on Wednesday. Crane Harbor Acquisition Corp. II has a fifty-two week low of $10.04 and a fifty-two week high of $11.11.

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.