Wolverine Asset Management LLC purchased a new stake in Crown Reserve Acquisition Corp. I (NASDAQ:CRAC – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 93,325 shares of the company’s stock, valued at approximately $928,000. Wolverine Asset Management LLC owned 0.43% of Crown Reserve Acquisition Corp. I as of its most recent filing with the Securities and Exchange Commission (SEC).
Crown Reserve Acquisition Corp. I Stock Down 0.0%
Shares of NASDAQ CRAC opened at $10.08 on Thursday. The company has a 50 day moving average price of $10.02. Crown Reserve Acquisition Corp. I has a 52-week low of $9.89 and a 52-week high of $10.08.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings began coverage on Crown Reserve Acquisition Corp. I in a report on Friday, March 6th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
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.
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