CHACR

This security represents rights issued by Crane Harbor Acquisition Corp., a special purpose acquisition company. Rights are securities that give holders the privilege to purchase additional shares, typically common stock, at a predetermined price during a specified period. These rights were distributed as part of Crane Harbor's SPAC structure to provide additional value to early investors. Rights holders can exercise their rights to acquire common shares if they choose to do so before expiration, or they may trade the rights separately on the open market. The exercise price and terms are specified in the company's offering documents. Rights associated with SPACs often trade separately from the common shares and warrants, providing investors with flexible participation options in the business combination process.