Form 4: Crane Harbor Sponsor, LLC Reports Changes in Beneficial Ownership of Crane Harbor Acquisition Corp.

Crane Harbor Sponsor, LLC reports acquisition and disposal of Class A and B Ordinary Shares and rights related to placement units in Crane Harbor Acquisition Corp.

Summary

• Crane Harbor Sponsor, LLC filed a Form 4 detailing changes in beneficial ownership of Crane Harbor Acquisition Corp. securities.
• The report indicates the acquisition of 20,000 Class A Ordinary Shares at $10 each, underlying placement units.
• The report also indicates the forfeiture and cancellation of 333,334 Class B ordinary shares because the underwriters' over-allotment option was not fully exercised.
• The reporting person directly owns 420,000 Class A Ordinary Shares following the reported transactions.
• The reporting person also owns 7,333,333 Class B Ordinary Shares.
• The reporting person also owns 420,000 rights to receive Class A Ordinary Shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Negatives

• 333,334 Class B ordinary shares were forfeited and cancelled because the underwriters' over-allotment option was not fully exercised.

Industry Context

Form 4 filings are standard practice for individuals or entities with significant ownership in publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a significant shareholder.

Key Dates

Keywords

beneficial ownership, Form 4, Crane Harbor Acquisition Corp., Crane Harbor Sponsor, LLC, Class A Ordinary Shares, Class B Ordinary Shares, placement units, rights