Crane Harbor Acquisition II, a blank check company targeting technology, real assets, and energy, raised $300 million by offering 30 million units at $10.00. The company offered 5 million more units than anticipated. 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; +10% from $10 offering price) raised $200 million in April 2025 and announced its plan to merge with quantum computer developer Xanadu last month, 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.
Crane Harbor Acquisition II plans to list on the Nasdaq under the symbol CRANU. Cohen & Company Securities and JonesTrading acted as joint bookrunners on the deal.
