Crane Harbor Acquisition Corp. II(CRAN)

Company Overview

Crane Harbor Acquisition Corp. II

NASDAQ

📍Philadelphia, PA, United States

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Crane Harbor Acquisition Corp. Class A Ordinary Shares represent equity securities of a blank check company, also known as a special purpose acquisition company (SPAC), incorporated in the Cayman Islands. The company's primary purpose is to pursue an initial business combination, such as a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with one or more target businesses. It focuses on opportunities in the technology, real assets, and energy sectors, particularly companies driving transformative technologies in global connectivity, sustainability, and infrastructure development. Headquartered at 1845 Walnut Street, Suite 1111, Philadelphia, PA, the firm completed its initial public offering in April 2025, raising $220 million through 22 million units at $10 each, each comprising one Class A ordinary share (par value $0.0001) and one right entitling holders to one-tenth of a Class A share upon successful combination. Classified in the financial services sector under shell companies, it currently conducts no operations and generates no revenue, serving as a vehicle to bring private companies public via acquisition. These shares play a key role in the SPAC market, offering investors exposure to potential high-growth targets while funds from the IPO are held in trust for public shareholders until a deal materializes.