Crane Harbor Acquisition II, a blank check company targeting technology, real assets, and energy, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.
The company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifteenth of a share upon the completion of an initial business combination.
Crane Harbor Acquisition II is led by CEO and Director William Fradin, co-founder and Managing Director of private investment firm HEPCO Capital Management. He is joined by CFO Thomas Elliott, the CFO of HEPCO Capital Management, and Chairman Jonathan Cohen, the CEO of HEPCO Capital Management and founder and Chairman of HEPCO Opportunity Partners. The SPAC plans to target companies in the technology, real assets, and energy industries, focusing on those with high-growth TAMs, differentiated offerings, driving value creating with experienced management and governance, and operational excellence.
Members of management have been involved in several previous SPACs. Crane Harbor Acquisition (CHAC; +29% from $10 offering price) raised $200 million in April 2025 and announced its plan to merge with quantum computer developer Xanadu earlier this week, Osprey Technology Acquisition merged with BlackSky (NYSE: BKSY) in September 2021, and Osprey Energy Acquisition merged with Falcon Minerals (formerly Nasdaq: FLMN) in August 2018.
The Philadelphia, PA-based company was founded in 2025 and plans to list on the Nasdaq under the symbol CRANU. Cohen & Company Securities is the sole bookrunner on the deal.
