Cal Redwood Acquisition (NASDAQ:CRAQU) Stock Price Up 0.9% – Here’s What Happened

Cal Redwood Acquisition Corp. (NASDAQ:CRAQU) shares shot up 0.9% during trading on Thursday . The stock traded as high as $10.41 and last traded at $10.41. 300 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,733 shares. The stock had previously closed at $10.32.

Cal Redwood Acquisition Stock Up 0.9%

Institutional Trading of Cal Redwood Acquisition

An institutional investor recently raised its position in Cal Redwood Acquisition stock. Clear Street Group Inc. boosted its holdings in shares of Cal Redwood Acquisition Corp. (NASDAQ:CRAQU) by 38.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,357 shares of the company’s stock after buying an additional 41,027 shares during the period. Clear Street Group Inc.’s holdings in Cal Redwood Acquisition were worth $1,558,000 as of its most recent SEC filing.

About Cal Redwood Acquisition

Cal Redwood Acquisition (NASDAQ: CRAQU) is a publicly listed acquisition company. As an acquisition vehicle, its principal purpose is to raise capital through a public offering and use those funds to effect a business combination with one or more operating businesses. The company’s listing on the Nasdaq reflects its status as a special-purpose entity formed to pursue merger and acquisition opportunities rather than to operate a standalone commercial business.

The firm’s primary activities typically include identifying and evaluating potential target companies, negotiating terms of a business combination, and providing a route to the public markets for a private company through a merger or similar transaction.