Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Trading Up 0.1% – Here’s What Happened

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) shares shot up 0.1% during mid-day trading on Thursday . The company traded as high as $9.99 and last traded at $9.99. 90,109 shares traded hands during mid-day 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 Up 0.1%

Institutional Investors Weigh In On Crown Reserve Acquisition Corp. I

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new stake in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at approximately $534,000. Wolverine Asset Management LLC bought a new position in Crown Reserve Acquisition Corp. I in the fourth quarter worth approximately $928,000. Boothbay Fund Management LLC purchased a new stake in Crown Reserve Acquisition Corp. I during the fourth quarter worth $1,118,000. Heights Capital Management Inc. purchased a new stake in Crown Reserve Acquisition Corp. I during the fourth quarter worth $1,988,000. Finally, Berkley W R Corp bought a new stake in Crown Reserve Acquisition Corp. I during the 4th quarter valued at $2,321,000.

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.