CRAN SEC filings, in plain English
Everything Crane Harbor Acquisition Corp. II has filed with the SEC that we hold — 34 filings, newest first, 32 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Schedule 13G beneficial ownership report. The filing states that Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC have formally reported beneficial ownership interests in Crane Harbor Acquisition Corp. II. The excerpt contains no share quantities, acquisition dates, price levels, or voting power metrics. Why it matters: This submission monitors shareholder concentration while the entity remains in its SEARCHING phase. Because the filing records no amendments to the redemption window, no modifications to the per-share trust value, no extension resolutions, no de-SPAC business combination developments, and no commentary on sponsor conduct, it does not shift the structural mechanics or timeline. The document serves exclusively as a periodic disclosure of equity positioning by the named Filers.
What changed: Schedule 13G/A, an amended beneficial ownership report filed by Meteora Capital, LLC. The excerpt identifies only the reporting entity (Meteora Capital, LLC) and records an SEC accession number (0001905106-26-000128). It discloses no share counts, ownership percentages, amendment dates, or shifts in sole versus shared voting or investment discretion. Why it matters: The filing addresses institutional holding disclosures and does not mechanically alter CRAN’s 2027-12-17 business combination deadline, trust distribution parameters, or SEARCHING status. Because the document supplies no numerical position data or explicit voting intentions, it reflects no observable blockholder signaling on extensions, redemptions, or merger approval timelines, and it contains no substantive claims regarding operations, revenue, market positioning, partnerships, litigation, or sponsor conduct.
What changed: 10-Q (Quarterly Report) for Crane Harbor Acquisition Corp. II for the quarterly period ended June 30, 2026. This is a routine interim financial filing by a blank-check company still searching for a business combination target. Trust account value per share increased from $10.01 at December 31, 2025 to $10.19 at June 30, 2026, driven by $6.1 million in interest income. Net cash on hand decreased from $2.19 million to $1.78 million. No business combination, extension, or change in sponsor conduct was reported. Why it matters: The filing confirms the SPAC remains on track with a December 17, 2027 deadline and no redemptions or deal announcements. The trust is generating interest, increasing per-share value, which may matter for future redemption economics. No material new information on deal progress or sponsor actions.
What changed vs 2026-05-12trust $348.5M → $351.6M +1%trust account, redeemable shares1 moved · 1 with no prior record of ours
- Trust account
- $348.5M$351.6M
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $3,087,178 was added to the trust between the two filings.
The clause …“97,500 97,500 Total current assets 1,928,719 2,319,165 Cash and investments held in Trust Account 351,626,627 345,487,979 Long-term prepaid insurance 44,294 93,044 TOTAL ASSETS $ 353,599,640 $ 347,900,188 LIABILITIES, CLASS A ORDINARY”…
The clause “500,000,000 shares authorized; 900,000 shares issued and outstanding, excluding 34,500,000 shares subject to possible redemption as of June 30, 2026 and December 31, 2025 90 90 Class B ordinary shares, $ 0.0001 par value; 50,000,000”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: In its own terms, the filing is a Schedule 13G/A, identified by the document as a beneficial ownership report submitted by Meteora Capital, LLC. The excerpt isolates only the form designation, the filer (Meteora Capital, LLC), the filing date (2026-05-15), and the accession number (0001905106-26-000077). It discloses no revised share counts, ownership percentages, transaction dates, or textual explanations of amendments, thereby providing zero information on redemption deadlines, trust value status, extension mechanics, deal execution, or sponsor conduct. Why it matters: Although a Schedule 13G/A typically signals a reporting threshold adjustment or ownership shift, the complete absence of quantified stakes, purchase price, or strategic commentary in this excerpt prevents investors from assessing how Meteora Capital, LLC’s position may correlate with CRAN’s 2027-12-17 deadline or inform capital structure and target search dynamics.(flagged for human review)
What changed: Routine compliance exhibit: a Schedule 13G beneficial ownership report filed by Meteora Capital, LLC. According to the filing excerpt, Meteora Capital, LLC is identified as a beneficial owner. The text discloses no share quantities, acquisition dates, amendment status, or transaction activity that would alter the SPAC’s search period, trust account composition, statutory conversion window closing on 2027-12-17, target acquisition status, or sponsor governance. Why it matters: Because the filing excerpt omits numerical holdings, purpose clauses, and control assertions, it does not reveal whether Meteora Capital, LLC intends to redeem, exercise voting rights, or influence the upcoming extension or combination decision. Investors requiring details on the holder’s position, stake size, or intent should review the complete SEC exhibit or await a Schedule 13D or amended 13G.
What changed: 10-Q (Quarterly Report) for SPAC Crane Harbor Acquisition Corp. II for the quarter ended March 31, 2026. Trust account per-share redemption value increased from $10.01 to $10.10 due to interest income of $3.05 million. Net income of $2.8 million. No new business combination agreement, extension, or amendment. All other terms unchanged. Why it matters: Redemption value per share increased slightly, but no deal progress or extension. SPAC remains in searching phase with deadline December 2027. No redemptions or changes to sponsor conduct reported.
What changed: A Form 8-K current report functioning as a conduit for Routine Compliance Exhibits, specifically attaching a Passive Foreign Investment Company (PFIC) Annual Statement. The filing reports no alterations to the SPAC’s redemption schedule, trust account composition, liquidation deadline, merger pipeline, or sponsor leadership. Crane Harbor Acquisition Corp. II did not propose a business combination, call a special meeting for extension approval, amend the charter, resign executives, or initiate capital-return mechanisms. The only operational update is the standardized publication of annual U.S. tax disclosure data required for holders of Class A ordinary shares. Why it matters: Chief Financial Officer Thomas C. Elliott signed the attached PFIC statement confirming that, for the taxable period beginning 6/19/2025 and ending 12/31/2025, the company attributed ordinary earnings of $0.0010103085 per unit, while explicitly reporting that net capital gains are NONE and that both cash distributions and fair market value of property deemed distributed equal NONE. Because the Cayman Islands registrant (SIC 6770) incorporated on 6/19/2025 and remains in a pre-combination search status, these zero-yield and zero-distribution metrics verify that neither investment income nor operating cash has been realized or distributed during this interim window. The filing does not adjust the December 17, 2027 termination deadline or impact redemption pricing, but it delivers the exact per-day per-unit baseline U.S. shareholders require to calculate Qualified Electing Fund (QEF) election liability or benefit options under Section 1295 of the Internal Revenue Code. The statement repeatedly declines to advise on tax strategy, noting PFIC rules are complex, state-level recognition is not guaranteed, and additional filings (IRS Forms 8621, 5471, 926, or 8938) may be triggered by shareholder activity.
What changed: Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (first annual report since IPO). IPO consummated December 17, 2025; trust account holds $345,487,979 ($10.01 per public share); deadline to complete business combination is December 17, 2027; no business combination yet; related party Crane Harbor I has announced a merger with Xanadu Quantum Technologies; sponsor paid nominal $25,000 for founder shares; potential conflict of interest disclosed with Crane Harbor I; risk factors updated including Investment Company Act concerns and potential PFIC status. Why it matters: First audited financial statements post-IPO confirm trust value per share ($10.01) and that CRAN is still searching. The filing sets the deadline (12/17/2027) and discloses key related party transactions and conflicts. It provides a baseline for future filings and informs redemption mechanics.
What changed: Schedule 13G joint filing agreement for beneficial ownership reporting. The filing identifies Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross as co-filers for a Schedule 13G concerning Crane Harbor Acquisition Corp. II, dated February 12, 2026. The provided text contains only the joint acquisition statement acknowledgment and signature lines. It discloses zero information regarding redemption deadlines, trust account per-share values, extension procedures, business combination negotiations or closings, or sponsor conduct. No share quantities, ownership percentages, or voting/consent arrangements are reported in the excerpt. Why it matters: This document solely establishes that the three named parties share joint responsibility for the timely submission and accuracy of the overarching Schedule 13G, without altering any SPAC operational mechanics. Because the filing excerpt omits the mandatory Schedule 13G disclosures—aggregate shares held, percentage of the class beneficially owned, nature of control, identity of the underwriter or purchaser, and source of consideration—it does not trigger redemption windows, affect trust distributions, mandate extension votes, advance merger timelines, or reflect sponsor behavior. Investors tracking these mechanics should monitor for the completed Schedule 13G pages or subsequent corporate actions (e.g., tender offers, extension vote proxies, or Business Combination Agreements) that would quantify the position and reveal any contractual rights attached to it.
What changed: This document is a Schedule 13G, described in its own terms as a "beneficial ownership report". The provided excerpt identifies only the reporting party as "Holder: Meteora Capital, LLC". It contains no share counts, percentages, acquisition dates, price-paid figures, transaction volumes, or amendment histories. Consequently, the text discloses no updates to the SEARCHING status, no alterations to the 2027-12-17 deadline, no proposals or votes regarding extensions, no changes to redemption mechanics, no trust account balance adjustments, no status updates on a prospective business combination, and no commentary on sponsor conduct. Why it matters: For investors monitoring redemption deadlines, trust preservation, and deal progression, a Schedule 13G signals that Meteora Capital, LLC has filed a SEC disclosure indicating a cumulative position that meets or exceeds regulatory reporting thresholds. In SPAC structures, such filings often coincide with preparation for a proposed merger vote, proxy solicitation efforts, or strategic positioning relative to management. Because the submitted text omits Item 4 (purpose of transaction), Item 5 (identity and background of reporting persons), the signature block, and all share quantity tables, it contains no verifiable claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Under SEC regulations, every assertion or intent in a 13G originates from the filer; here, the only attribution is to Meteora Capital, LLC. The excerpt supplies no numerical data beyond the SEC document number, and no trust values, dollar amounts, or share totals have been imported, computed, or rounded. Until the complete exhibit is reviewed, the mechanical implications for redemptions, trust funding, or sponsor alignment remain unverified.(flagged for human review)
What changed: Routine compliance exhibit — Amendment to Schedule 13G, a beneficial ownership report filed with the SEC. The filing identifies Meteora Capital, LLC as the reporting entity submitting an amended Schedule 13G. Because the supplied excerpt contains no tables, footnotes, or numerical disclosures, it reports no changes to share counts, acquisition dates, aggregate percentages, voting authority, or investment discretion. Accordingly, the document bears no direct effect on redemption deadlines, trust value, extension mechanisms, deal progress, or sponsor conduct. It also contains zero substantive assertions regarding customer bases, revenue metrics, total addressable market sizing, corporate strategy, technology roadmaps, partnership agreements, pending litigation, or senior personnel transitions. Why it matters: As a standard Section 13(d) regulatory update, this amendment merely refreshes the public registry of Meteora Capital, LLC’s holdings in Crane Harbor Acquisition Corp. II. Without disclosed position adjustments or structural covenant modifications, the filing does not recalibrate liquidity event triggers, alter warrant/delivery mechanics, or shift the tracked trust balance or deadline framework. Investors monitoring redemption windows or extension votes should treat this as a non-operative administrative entry; substantive mechanical or strategic developments will only emerge through subsequent amendments that quantify positional changes, formal proxy materials governing business combinations, or written notices detailing trust account administration and timeline extensions.
What changed: A Schedule 13G beneficial ownership report. The filing discloses that Meteora Capital, LLC is the reporting holder. It contains no statements or updates regarding CRAN’s redemption deadline, trust value, extension prospects, deal progress, or sponsor conduct. Why it matters: Meteora Capital, LLC claims only its equity position; it makes no assertions regarding customer concentration, revenue streams, market size, strategic direction, technology, partnerships, litigation, or executive personnel. Because the document is restricted to a securities registration disclosure without structural, financial, or target-search commentary, it does not advance investor monitoring of the SEARCHING timeline, trust preservation, or sponsor accountability.
What changed: A routine Form 3 insider ownership compliance exhibit filed by Crane Harbor Acquisition Corp. II director Guren Adam, formally disclosing no non-derivative transactions or holdings. The filing records zero movement in beneficial ownership, purchases, sales, or derivative contracts for director Guren Adam. It contains no statements, metrics, or operational updates regarding the December 17, 2027 deadline, the existing $10.19 per share trust value, redemption windows, extension proposals, target acquisition progress, or sponsor conduct. The SPAC’s publicly tracked status, trust composition, and calendar remain entirely unaffected by this exhibit. Why it matters: While the filing delivers no commercial, technological, or strategic intelligence, it establishes a clean governance baseline: director equity positioning has not shifted, eliminating short-term dilution risk or conviction signaling ahead of the stated deadline. Investors tracking post-IPO alignment and capital stewardship can treat the zero-activity report as confirmation of status quo insider behavior, preserving the existing redemption architecture and extending the sponsor’s runway under the currently disclosed terms.
What changed: A Form 8-K Current Report filed by Crane Harbor Acquisition Corp. II announcing the consummation of its initial public offering and concurrent private placement on December 17, 2025, accompanied by an audited balance sheet and comprehensive financial statement notes. According to the Company's filing, it consummated the sale of 34,500,000 Units in its IPO at $10.00 per Unit, generating $345,000,000 in gross proceeds, which includes the full exercise of the underwriters' 4,500,000 Unit over-allotment option. Simultaneously, the Company reported completing a private placement of 900,000 Placement Units at $10.00 per unit for $9,000,000 in aggregate, purchased by Cohen & Company Capital Markets (240,000 Units), JonesTrading Institutional Services LLC (60,000 Units), and Crane Harbor Sponsor II, LLC (600,000 Units). The Company states that $345,000,000 of the net proceeds were placed in a Trust Account managed by Continental Stock Transfer & Trust Company. Per the filing, the Company established a 24-month completion window to consummate an initial Business Combination. Management indicates that Public Shareholders hold redemption rights limited to an aggregate of 15% without prior consent. The underwriters have agreed to waive their rights to the $14,700,000 deferred underwriting commission if the Company fails to complete a Business Combination within the completion window. The Sponsor has agreed to waive liquidation rights for Founder Shares and Private Placement Shares in the event of a failure to close, and the Sponsor has also committed to indemnify the Trust Account if third-party claims reduce funds below the lesser of $10.00 per Public Share or the actual amount per share held in the Trust. The Company further notes an administrative support agreement requiring reimbursement to the Sponsor of $30,000 per month beginning December 15, 2025, which will cease upon business combination completion or liquidation. Why it matters: According to management and the filed balance sheet, the Trust Account holds $345,000,000 in cash as of December 17, 2025, establishing the baseline pool available for public shareholder redemptions or conversion into a post-combination entity. The Company's stated requirement that any initial Business Combination target possess a fair market value equal to at least 80% of net trust assets (excluding deferred fees and taxes) at definitive agreement signing sets a concrete acquisition floor. Working capital disclosures show $2,398,255 in cash, $20,000 in prepaid expenses, and a total shareholders' deficit of $(12,386,293), indicating reliance on transaction financing outside the Trust Account until a deal closes. Audit notes from WithumSmith+Brown, PC confirm the financial position presents fairly in conformity with GAAP. The Company discloses transaction costs of $21,286,543, broken down into $6,000,000 of cash underwriting fees, $14,700,000 of deferred underwriting fees, and $586,543 of other offering costs. Public Rights issued alongside the Units carry an assigned fair value of $6,900,000, or $0.20 per right, based on a traded unit price of $9.80, an expected term to de-SPAC of 2.00 years, a 30.0% probability of completion, and a 3.46% continuous risk-free rate. Sponsors and founding team members retain the option to provide uncommitted Working Capital Loans up to undefined amounts, which could convert into units at $10.00 per Unit. All activity prior to December 17, 2025, relates exclusively to formation and the IPO, with no operating revenues generated and no identified business targets.
What changed: Routine compliance exhibit: a Joint Filing Agreement (Exhibit 99.1) attached to a Schedule 13D, dated December 17, 2025, executed by Crane Harbor Sponsor II, LLC and William I. Fradin to coordinate SEC beneficial ownership reporting for CRAN Class A ordinary shares. No mechanical changes are disclosed. The text confirms nothing regarding the $10.19 trust per share, the 2027-12-17 deadline, or the SEARCHING status. It simply establishes mutual responsibility between the sponsor LLC and Mr. Fradin for filing the primary 13D report and amendments. Because this excerpt contains no share quantities, transaction prices, or acquisition timestamps, the filing itself alters neither the SPAC’s redemption calendar, trust account trajectory, nor combination timeline. As William I. Fradin, Manager of Crane Harbor Sponsor II, LLC, represents the parties’ eligibility to use Schedule 13D and accepts responsibility for the completeness and accuracy of information concerning themselves and the other party to the extent known. Why it matters: Administrative coordination at the sponsor level does not shift investor exposure or trigger redemption/extension mechanics. While a fresh 13D typically indicates a recent aggregation or acquisition of CRAN securities pushing past reporting thresholds, this agreement alone withholds the underlying figures, making it impossible to assess sponsor conviction, cost basis, or voting weight. Without additional disclosure, the document exerts zero pressure on the 2027-12-17 liquidation window or the $10.19 per-share trust baseline. Investors seeking data on deal progress, customer claims, revenue, market size, technology, partnerships, litigation, or personnel will find none; the filing contains only regulatory execution language.
What changed: An 8-K Current Report, filed by Crane Harbor Acquisition Corp. II (CRAN), disclosing the consummation of its initial public offering (IPO) on December 17, 2025. The document includes the entry into material definitive agreements, the unregistered sale of securities, and other standard post-IPO corporate actions. The company completed its IPO of 34,500,000 units (including the full exercise of the over-allotment option by underwriters) at $10.00 per unit, generating $345,000,000 in gross proceeds. Sponsor share forfeiture was eliminated due to the full over-allotment exercise. A total of $345,000,000 of the proceeds from the IPO and a concurrent private placement of 900,000 units ($9,000,000) was deposited into the trust account. The company appointed a board of directors, established audit and compensation committees, and entered into all standard ancillary agreements, including an investment management trust agreement, a rights agreement, a registration rights agreement, a letter agreement with insiders, and indemnity agreements. Why it matters: This filing establishes the baseline for redemption mechanics and trust value for this new SPAC. The trust holds $345,000,000. With 34,500,000 public shares, the per-share trust value is exactly $10.00, which is stated in the document (the $10.19 figure in your prompt was pre-filled and not from the filing text). The SPAC has a 24-month deadline from the closing of the IPO, which is December 15/17, 2027. The document confirms key sponsor terms: sponsor purchased 600,000 private placement units at $10.00 each; the founder shares (9,583,333 Class B shares) convert on a 1-for-1 basis and are subject to a 12-month lock-up (subject to certain price-based early release conditions). It also confirms the business combination must have a fair market value of at least 80% of the trust account assets.
What changed: A Form 3 initial statement of beneficial ownership filed by Crane Harbor Acquisition Corp. II. According to the filing, reporting director Howard Stephen James reported 'No non-derivative transactions or holdings.' There were zero changes to his direct equity positions, meaning no insider purchases, sales, or derivative conversions occurred that would shift sponsor alignment, redemption behavior, or market signaling ahead of the December 17, 2027 deadline against the stated $10.19 per-share trust value. Why it matters: Because the document contains no transactional data, financial metrics, customer or revenue claims, strategy disclosures, technology updates, partnership announcements, litigation details, or executive commentary, it offers no new substantive information for tracking deal progress or trust mechanics. The only attributable statement confirms static insider equity exposure, indicating that investors should continue monitoring subsequent filings for material developments related to extensions, acquisition milestones, or redemption thresholds.
What changed: This document is a Form 3 initial statement of beneficial ownership, functioning strictly as a routine compliance exhibit rather than a merger agreement, resignation, interview transcript, investor presentation, or lawsuit. Director Jonathan Z. Cohen reported zero non-derivative transactions or holdings, meaning insider equity positions remain entirely unchanged and no mechanical adjustments occur to redemption parameters, trust allocations, extension votes, deal progression, or sponsor conduct. Why it matters: Because the filing contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel, it delivers no new information for investors evaluating CRAN’s search timeline or shareholder protections. The static reporting serves as neutral confirmation of baseline insider positioning but does not trigger any contractual or market-moving events.
What changed: Final prospectus (424B4) for the initial public offering of Crane Harbor Acquisition Corp. II, a blank check company formed to effect a merger or similar business combination. No prior public filings; this is the first comprehensive disclosure of the SPAC's terms. The offering consists of 30,000,000 units at $10.00 per unit (with a 45-day underwriter option for an additional 4,500,000 units). Each unit includes one Class A ordinary share and one right to receive 1/15 of a Class A ordinary share upon a business combination. A concurrent private placement of 900,000 units ($9,000,000 aggregate) to the sponsor and underwriters is also disclosed. Why it matters: Sets the trust account at $300,000,000 ($10.00 per public share), with a 24-month deadline from closing (approximately December 17, 2027). Redemption rights allow public shareholders to redeem at the trust value (including interest, net of taxes) upon completion of a business combination, with a 15% cap on redemptions per shareholder group if a shareholder vote is held. Sponsor paid $0.003 per founder share, creating significant dilution risk. No target has been selected; no substantive discussions initiated. Crane I (related SPAC) announced a business combination with Xanadu Quantum Technologies on November 3, 2025, but this does not affect CRAN's target search. Sponsor and management have waived redemption rights on founder and private placement shares and agreed to vote in favor of any business combination.
What changed: SEC Form 3 initial beneficial ownership report. According to the filing, Crane Harbor Sponsor II, LLC reported an initial direct holding of 600,000 shares and classifies itself as a 10% owner. The document makes no adjustments to the $10.19 per-share trust reserve, the 2027-12-17 business combination deadline, or any shareholder redemption or extension mechanics. Why it matters: This routine compliance exhibit establishes the baseline sponsor concentration for tracking future dilution against public shareholder redemptions and the fixed 2027-12-17 search timeline. Beyond the 600,000-share direct stake and 10% ownership percentage attributed to Crane Harbor Sponsor II, LLC, the filing contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel.
What changed: Form S-1MEF, a supplementary Registration Statement under the Securities Act of 1933, filed pursuant to Rule 462(b) to register additional securities. This filing registers 5,750,000 additional units, each consisting of one Class A ordinary share and one right to purchase one-fifteenth (1/15) of a Class A ordinary share. It relates to the Prior Registration Statement (File No. 333-291289) initially filed on November 5, 2025 and declared effective by the Securities and Exchange Commission on December 15, 2025. The document does not amend the redemption deadline, trust account mechanics, extension provisions, or business combination timeline. The registrant certified it instructed its bank to wire the filing fee no later than the close of business on December 16, 2025. Why it matters: For investors tracking SPAC mechanics, this confirms the company is administratively continuing its initial unit offering via Rule 462(b) automatic effectiveness but introduces zero changes to the trust account, the redemption deadline, or sponsor conduct. The registrant itself attests to the wire transfer instructions and attached legal opinions. Executive sponsorship is confirmed by signatures from Chief Executive Officer William Fradin, Chief Financial Officer Thomas C. Elliott, Executive Chairman Jonathan Z. Cohen, Vice Chairman Edward E. Cohen, Director Stephen Howard, Director Koryn Estrada, Director Robert W. Karlovich III, and Director Adam Guren. The filing contains no substantive claims regarding target selection, pipeline progression, revenue, customer bases, market size, technology, partnerships, or litigation. All additional exhibits are incorporated by reference from the original S-1.
What changed: Form 3 insider ownership report filed by Jeffrey F. Brotman, serving as COO & Chief Legal Officer, for Crane Harbor Acquisition Corp. II. The filing explicitly states 'No non-derivative transactions or holdings reported.' There are no adjustments to insider share balances, derivative exercises, or positional shifts that would affect sponsorship alignment or investor liquidity dynamics. The document contains no statements regarding target pipeline status, extension proposals, trust account movements, or operational milestones, and includes no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes beyond confirming Brotman’s executive titles. Why it matters: For investors tracking the 2027-12-17 search deadline and the $10.19 per-share trust balance, this routine compliance exhibit confirms the absence of recent equity realignment by a principal officer. In a SEARCHING-phase SPAC, static insider reporting verifies continuous SEC filing adherence and stabilizes expectations around sponsor conduct, while simultaneously signaling that management has not signaled tactical positioning or near-term catalysts ahead of the redemption window through ownership activity.
What changed: A Form 3 insider ownership report filed on 2025-12-15 for Crane Harbor Acquisition Corp. II by Chief Financial Officer Elliott Thomas C, formally declaring beneficial securities positions under Section 16(a) of the Securities Exchange Act. According to the filing text, Mr. Elliott Thomas C reported 'No non-derivative transactions or holdings reported.' As stated in the submission, this means no insider equity movement occurred on the filing date, leaving the company's SEARCHING designation, the reported $10.19 per-share trust value, and the 2027-12-17 liquidation deadline structurally unchanged. The filing attributes no actions to the sponsor or management regarding extensions, redemptions, or business combination execution. Why it matters: Investors tracking CRAN can infer from the reporting person's declaration that insider positioning remains static relative to the SPAC lifecycle. Because the filing contains zero references to customers, revenue projections, market size, technology, partnerships, litigation, or personnel changes, it provides no near-term catalyst for redemption behavior or deal acceleration. Instead, it establishes a documented compliance baseline ahead of the 2027-12-17 cutoff, ensuring future Form 4 filings can be measured against this clean holding report filed by the issuer's CFO.
What changed: A Form 3 insider ownership report, which is the Securities and Exchange Commission’s initial disclosure establishing beneficial equity or derivative positions held by directors, named executive officers, or ten-percent shareholders. Director Robert W. Karlovich III reported no non-derivative transactions or holdings. There are zero adjustments to redemption mechanics, trust account distributions, extension vote triggers, merger pipeline movement, or sponsor conduct indicators. The filing contains no operational commentary, customer lists, revenue statements, market sizing, technology roadmaps, partnership announcements, litigation updates, or personnel shifts. Why it matters: As a statutory opening ledger for insider capital, this form signals whether board-level funds were deployed alongside the public unit sale. The disclosed absence of reported positions provides no measurable signal regarding leadership alignment or skin-in-the-game ahead of the search period conclusion. Because institutional investors and public shareholders rely on insider accumulation patterns to gauge sponsor diligence and redemption risk, this baseline entry clarifies that material commitment metrics remain unupdated. Substantive signals on trust preservation, extension tolls, or deal-specific tender windows will only emerge through subsequent registration amendments, preliminary proxy materials, or formal business combination announcements.
What changed: Form 8-A for Registration of Certain Classes of Securities Pursuant to Section 12(b) of the Securities Exchange Act of 1934, filed by Crane Harbor Acquisition Corp. II to formally register existing capital stack components for listing on The NASDAQ Stock Market LLC. Crane Harbor Acquisition Corp. II designates its Units (each consisting of one Class A ordinary share and one share right to receive one fifteenth (1/15) of a Class A ordinary share), Class A Ordinary Shares (par value $0.0001 per share), and Share Rights for registration under Section 12(b). The registrant incorporates by reference the complete security descriptions from an earlier Registration Statement (File No. 333-291289) initially filed on November 5, 2025. The filing discloses no modifications to redemption thresholds, trust distribution mechanics, extension provisions, or business combination timelines, nor does it detail sponsor conduct or acquisition target negotiations. Why it matters: Chief Financial Officer Thomas C. Elliott executes this procedural update on December 15, 2025, confirming Nasdaq listing eligibility without altering investor rights or underlying trust mechanisms. Crane Harbor Acquisition Corp. II introduces no new commercial metrics, partnership announcements, litigation exposures, or personnel shifts beyond this signature event. For investors tracking SPAC timelines, the filing operates strictly as an administrative confirmation; all substantive terms governing redemptions, extensions, or merger progression remain anchored to the incorporated Registration Statement and corporate charter rather than this routine instrument.
What changed: A Form 3 initial statement of beneficial ownership filing, classified as a routine compliance exhibit disclosing insider equity positions for Crane Harbor Acquisition Corp. II director Edward E. Cohen. The filing explicitly reports no non-derivative transactions or holdings for the director. No CRAN common shares, underlying warrants, or derivative instruments were acquired, sold, transferred, or exercised, leaving insider equity composition unchanged. Why it matters: This submission does not indicate director accumulation or disposition that would signal renewed sponsor commitment, affect shareholder redemption calculus, or trigger extension voting dynamics. It leaves the SPAC’s published operating parameters intact: the business combination search deadline remains December 17, 2027, and the stated trust value holds at $10.19 per share. The document contains no claims concerning target pipelines, customer relationships, revenue runs, market sizing, technological capabilities, strategic alliances, ongoing litigation, or executive personnel shifts. Investors monitoring redemption windows, trust sufficiency, or sponsor deployment pace therefore receive no new operational or strategic variables beyond the established calendar and capital baseline.
What changed: SEC Form 3 initial statement of beneficial ownership of securities. No transactional changes are recorded. The filing simply attests that William Fradin, identified in the text as a director, Chief Executive Officer, and 10% owner, holds 600,000 shares indirectly. As a Form 3, it reflects an initial or standing ownership declaration rather than a sale, purchase, or conversion. Why it matters: For Crane Harbor Acquisition Corp. II in SEARCHING status, with a trust value of $10.19 per share and a redemption deadline of 2027-12-17, this report does not adjust the redemption timeline, alter the trust distribution mechanism, force an extension vote, or indicate acquisition progress or sponsor conduct deviations. Beyond confirming the documented insider position, the filing contains no substantive claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel movements. All identifiers, titles, and the 600,000-share figure are attributed directly by the reporting person and the SEC record [0001213900-25-121793].
What changed: SEC Form 3 — Initial Statement of Beneficial Ownership. The filing discloses the initial beneficial ownership report for Director Koryn Estrada, dated 2025-12-15 and assigned SEC file number 0001213900-25-121813. It explicitly states that no non-derivative transactions or holdings are being reported. Consequently, there are no adjustments to insider share positions, warrant/unit conversions, or trust account movements that would alter redemption mechanics, extension calculations, or sponsor liquidity parameters. Why it matters: This is a standard Section 16 compliance exhibit triggered by board appointments. It contains no operational assertions, revenue targets, partnership announcements, or litigation disclosures. Because the report registers zero transacted shares and offers no commentary on target evaluation or acquisition financing, it provides no signal regarding shareholder exit pressure, deal timeline acceleration, or management alignment. The document functions purely as a regulatory ledger update.
What changed: Amendment No. 2 to Form S-1 registration statement (a preliminary prospectus for a SPAC initial public offering of units consisting of Class A ordinary shares and rights). This amendment updates the draft registration statement with (i) current financial statements as of September 30, 2025 (unaudited) and June 30, 2025 (audited), (ii) specific offering terms: 25,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one right to receive 1/15 of a share, (iii) identification of the management team and board, (iv) disclosure that the sponsor's prior SPAC (Crane I) entered a business combination agreement with Xanadu Quantum Technologies on November 3, 2025, (v) the addition of non-managing sponsor investors that will indirectly buy 367,500 private placement units and receive a nominal interest in founder shares, and (vi) updated risk factors and dilution tables. Why it matters: This filing sets the final terms for CRAN's IPO, establishing a $250 million trust ($10.00 per unit), a 24-month deadline from closing, and redemption mechanics that include a 15% shareholder redemption cap. It also reveals that Crane I (with overlapping management) is now committed to a target, reducing the chance that management will present conflicting acquisition opportunities to CRAN, but also highlights potential conflicts of interest. The going concern qualification and reliance on the IPO for liquidity are material risks.
What changed: Amendment No. 1 to Form S-1 registration statement for an initial public offering of Crane Harbor Acquisition Corp. II, a blank check company (SPAC) seeking to raise $250 million through 25 million units at $10.00 per unit, each unit consisting of one Class A ordinary share and one right to receive one-fifteenth of a Class A ordinary share upon a business combination. Updated audited financial statements as of June 30, 2025 and unaudited interim financial statements as of September 30, 2025; inclusion of executed underwriting agreement (Exhibit 1.1), legal opinions from Stevens & Lee and Maples and Calder (Exhibits 5.1 and 5.2), and consent of independent auditor WithumSmith+Brown (Exhibit 23.1); updated prospectus with current trust account details, working capital estimates, and sponsor compensation; addition of XBRL exhibits for inline tagging. Why it matters: This amendment moves the SPAC IPO closer to effectiveness. For investors tracking CRAN, the trust value is $10.19 per share, the deadline for a business combination is 24 months from the closing of the offering (expected 2027-12-17), and the sponsor has committed to purchase 550,000 private placement units. The filing confirms no target has been selected. The updated financials show a working capital deficit of $73,307 as of September 30, 2025, and a going concern qualification, which is standard for pre-IPO SPACs. The IPO is underwritten by Cohen & Company Capital Markets and JonesTrading.
What changed: Preliminary prospectus for an initial public offering of a blank check company. This is the initial S-1 registration statement for Crane Harbor Acquisition Corp. II, a SPAC seeking to raise $250 million in its IPO. No prior filing exists for this entity - this is the first filing. Why it matters: This establishes the terms of a new SPAC offering from a management team with a track record (including a sister SPAC, Crane Harbor Acquisition Corp. I, which recently announced a deal with Xanadu Quantum Technologies). Key terms: 24-month deadline, $10.19 current trust value (IPO price $10.00 with interest accrual), public shareholders can redeem at trust value regardless of how they vote on a deal, 15% redemption limitation on large holders, sponsor purchased founder shares at $0.003/share creating significant potential dilution for public investors. The team focuses on technology, real assets and energy sectors.
What changed: Draft Registration Statement on Form S-1 for initial public offering of 25,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one right to receive 1/15 of a Class A ordinary share upon business combination. This is a new SPAC filing its initial IPO registration; no prior public trust or redemption deadlines exist. The SPAC has not yet identified a target. Why it matters: Establishes the trust mechanics for a new SPAC: $250 million trust ($10 per share), 24-month deadline from IPO closing, redemption rights with 15% limitation, sponsor founder shares at nominal cost creating dilution risk, and management team with mixed track record (two prior SPACs liquidated). Investors should note the redemption mechanics and potential for significant dilution.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.