Crane Harbor Acquisition Corp. II 8-K

What Happened
Crane Harbor Acquisition Corp. II announced it consummated its initial public offering on December 17, 2025, selling 34,500,000 Units at $10.00 each (including a full 4,500,000‑Unit over‑allotment) for $345,000,000 gross. Simultaneously it closed a private placement of 900,000 Units at $10.00 each, raising $9,000,000. Each Unit consists of one Class A ordinary share and a right to receive 1/15 of a Class A share upon the company’s initial business combination. An audited balance sheet as of December 17, 2025 reflecting these transactions is included as Exhibit 99.1 to the filing.

Key Details

• IPO sold 34,500,000 Units at $10.00 per Unit; underwriters exercised the full 4,500,000 over‑allotment.
• Private placement: 900,000 Units at $10.00 per Unit ($9,000,000); purchasers included Cohen & Company Capital Markets (240,000), JonesTrading Institutional Services LLC (60,000), and sponsor Crane Harbor Sponsor II, LLC (600,000).
• A total of $345,000,000 of the net proceeds (which includes $14,700,000 of the underwriters’ deferred discount) was placed in a trust account for the benefit of public shareholders; Continental Stock Transfer & Trust Company is the trustee.
• Units include one Class A ordinary share and one Share Right equal to 1/15 of a Class A share (subject to registration statement adjustments).

Why It Matters
This filing confirms Crane Harbor II is a funded SPAC with capital available to pursue an initial business combination. For investors, the trust funding protects public holders’ capital until a deal is completed or redeemed per SPAC rules. The sponsor and underwriters took placement positions, and an audited balance sheet documenting the cash and trust placement is provided, which helps verify the company’s cash position after the IPO and private placement.