Crane Harbor Acquisition Corp. II closes $345 million IPO, funds trust account
Crane Harbor Acquisition Corp. II, a blank check company, completed its initial public offering of 34,500,000 units at $10.00 per unit on December 17, 2025, including the full exercise of the underwriters' over-allotment option, for gross proceeds of $345 million. The filing says $345 million of the net proceeds from the IPO and private placement was placed in a trust account for public shareholders, and the company will not generate operating revenue until it completes a business combination.
Key points
- 34,500,000 units sold at $10.00 per unit, including 4,500,000 units from the full over-allotment option, for $345,000,000 in gross proceeds
- Private placement of 900,000 units at $10.00 per unit for $9,000,000, bought by Cohen & Company Capital Markets, JonesTrading Institutional Services LLC and the sponsor, Crane Harbor Sponsor II, LLC
- $345,000,000 placed in a trust account with Continental Stock Transfer & Trust Company as trustee; deferred underwriting fee payable is $14,700,000
- Company has 24 months from the IPO closing to complete a business combination, per Note 1 of the filed balance sheet
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.