Crane Harbor Acquisition, a blank check company targeting the technology, real assets, and energy sectors, filed on Wednesday with the SEC to raise up to $175 million in an initial public offering.
The Philadelphia, PA-based company plans to raise $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock and one right to receive one-twelfth of a share upon the completion of an initial business combination.
Crane Harbor Acquisition is led by CEO and Director William Fradin, co-founder and Managing Director of private investment firm HEPCO Capital Management. He is joined by Chairman Jonathan Cohen, the CEO of HEPCO Capital Management and founder and Chairman of HEPCO Opportunity Partners, and Vice Chairman Edward Cohen, the Chairman of HEPCO Capital Management.
The SPAC plans to target the technology, real assets, and energy sectors, focusing on businesses implementing transformative technologies to further advance the changing landscapes within global connectivity, sustainability, and continued infrastructure development.
Members of management have been involved in several previous SPACs. Fradin, Cohen, and Cohen all served on Osprey Technology Acquisition, which completed its combination with BlackSky Technology (NYSE: BKSY; -78% from $10 offer price, split adj.) in 2021.
Crane Harbor Acquisition was founded in 2025 and plans to list on the Nasdaq under the symbol CHACU. Cohen & Company Securities and JonesTrading are the joint bookrunners on the deal.
