CHACU

This security represents units issued by Crane Harbor Acquisition Corp., a special purpose acquisition company. Each unit typically consists of a combination of common stock and warrants or rights, bundled together as a single tradable security. Units are commonly offered during a SPAC's initial public offering, allowing investors to participate in both the equity and potential upside through warrants. After a specified period following the IPO, units often separate into their component securities, which then trade independently. The unit structure provides investors with leveraged exposure to the SPAC's potential business combination. Investors purchasing units receive all the component securities together, which may include one share of common stock plus a fraction of a warrant or right to purchase additional shares.