Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Stock Price Up 0.1% – What’s Next?

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) shot up 0.1% during trading on Thursday . The stock traded as high as $9.99 and last traded at $9.99. 90,109 shares were traded during trading, an increase of 132% from the average session volume of 38,799 shares. The stock had previously closed at $9.98.

Crown Reserve Acquisition Corp. I Trading Down 0.1%

Hedge Funds Weigh In On Crown Reserve Acquisition Corp. I

Hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at about $928,000. Geode Capital Management LLC bought a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter worth about $534,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter valued at about $3,043,000. Periscope Capital Inc. purchased a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter valued at about $2,458,000. Finally, Crossingbridge Advisors LLC bought a new position in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $5,973,000.

Crown Reserve Acquisition Corp. I Company Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.