Crane Harbor Acquisition Corp. II - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers the period ending December 17, 2025. Crane Harbor Acquisition Corp. II, a Cayman Islands emerging growth company, reported the consummation of its Initial Public Offering (IPO) and a concurrent private placement. The company is incorporated in the Cayman Islands and trades on The Nasdaq Stock Market LLC under the symbols CRANU (Units), CRAN (Class A Ordinary Shares), and CRANR (Share Rights).
Key Financial Metrics
- IPO Proceeds: Sold 34,500,000 Units at $10.00 per Unit, generating gross proceeds of $345,000,000. This included the full exercise of an over-allotment option for 4,500,000 Units.
- Private Placement Proceeds: Sold 900,000 Placement Units at $10.00 per Unit, generating gross proceeds of $9,000,000.
- Total Gross Proceeds: $354,000,000.
- Trust Account: A total of $345,000,000 of net proceeds (including $14,700,000 of deferred underwriting discount) was deposited into a trust account for public shareholders.
- Deferred Underwriting Discount: $14,700,000.
- Revenue, Profit, and Cash Flow: The filing text does not provide specific revenue, profit, or operating cash flow figures for a reporting period, as this is a capital formation event for a special purpose acquisition company (SPAC) prior to an initial business combination.
Material Changes
The primary material change is the transition from a pre-IPO entity to a publicly traded company with significant cash liquidity. The company has raised $354 million in gross capital, with $345 million secured in a trust account. No prior comparable period financial data is provided in this filing as the company was not previously public.
Outlook, Risks, and Contingencies
Management Commentary: The company has successfully completed its IPO and private placement. An audited balance sheet as of December 17, 2025, reflecting these proceeds, is included as Exhibit 99.1.
Structure: Each Unit consists of one Class A ordinary share and one Share Right, entitling the holder to receive one-fifteenth (1/15) of a Class A ordinary share upon the consummation of an initial business combination.
Risks: The filing does not explicitly detail specific risk factors in this summary section, though standard SPAC risks apply regarding the ability to complete a business combination within the required timeframe.
Key Facts for Investor Verification
- Verify the audited balance sheet (Exhibit 99.1) to confirm the exact cash position and liabilities as of December 17, 2025.
- Confirm the terms of the deferred underwriting discount ($14.7 million) and the conditions for its payment.
- Review the registration statement on Form S-1 (File No. 333-291289) for details on the Share Rights adjustment mechanisms.
- Identify the specific investors in the private placement: Cohen & Company Capital Markets (240,000 Units), JonesTrading Institutional Services LLC (60,000 Units), and Crane Harbor Sponsor II, LLC (600,000 Units).