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Crane Harbor Acquisition Corp. (NASDAQ:CHACU) has announced the pricing of its initial public offering of 20,000,000 units at $10.00 per unit, totaling $200 million. Each unit comprises one Class A ordinary share and a right to receive one-tenth of a Class A ordinary share after completing an initial business combination.
Trading will commence on April 25, 2025, on the Nasdaq Global Market under 'CHACU'. The company's Class A ordinary shares and rights will later trade separately under 'CHAC' and 'CHACR'. The offering is expected to close on April 28, 2025, with underwriters having a 45-day option to purchase up to 3,000,000 additional units.
As a blank check company, Crane Harbor aims to pursue merger or acquisition opportunities primarily in the technology, real assets, and energy sectors. The management team includes Jonathan Z. Cohen as Chairman, Edward E. Cohen as Vice Chairman, and William Fradin as CEO.
Crane Harbor Acquisition Corp. (NASDAQ:CHACU) has announced the pricing of its initial public offering of 20,000,000 units at $10.00 per unit, totaling $200,000,000. Trading will commence on April 25, 2025, on the Nasdaq Global Market under 'CHACU'.
Each unit comprises one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon completing an initial business combination. Upon separate trading, shares and rights will list as 'CHAC' and 'CHACR' respectively.
The blank check company aims to pursue merger, acquisition, or business combination opportunities, focusing on the technology, real assets, and energy sectors. The management team includes Jonathan Z. Cohen as Board Chairman and William Fradin as CEO. Cohen & Company Capital Markets is serving as the sole book-running manager, with an option to purchase up to 3,000,000 additional units for over-allotments.
