Magnetar Financial LLC Purchases Shares of 1,485,000 Crown Reserve Acquisition Corp. I $CRAC

Magnetar Financial LLC purchased a new stake in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,485,000 shares of the company’s stock, valued at approximately $14,761,000. Magnetar Financial LLC owned approximately 6.89% of Crown Reserve Acquisition Corp. I at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CRAC. Westchester Capital Management LLC purchased a new position in Crown Reserve Acquisition Corp. I during the 4th quarter valued at approximately $6,063,000. Crossingbridge Advisors LLC purchased a new position in Crown Reserve Acquisition Corp. I during the 4th quarter valued at approximately $5,973,000. Context Capital Management LLC purchased a new position in Crown Reserve Acquisition Corp. I during the 4th quarter valued at approximately $4,970,000. Glazer Capital LLC purchased a new position in Crown Reserve Acquisition Corp. I during the 4th quarter valued at approximately $4,028,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Crown Reserve Acquisition Corp. I during the 4th quarter valued at approximately $3,043,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Crown Reserve Acquisition Corp. I Price Performance

Shares of Crown Reserve Acquisition Corp. I stock opened at $10.12 on Wednesday. The business has a 50 day moving average of $10.08. Crown Reserve Acquisition Corp. I has a one year low of $9.89 and a one year high of $10.12.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last announced its earnings results on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

About Crown Reserve Acquisition Corp. I

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.