CRAQR

Cal Redwood Acquisition Corp. [CRAQR] represents rights issued by Cal Redwood Acquisition Corp., a special purpose acquisition company. Each right typically allows the holder to receive a fraction of one share of common stock when the company completes its initial business combination. Rights are derivative securities that provide investors with additional equity participation linked to the SPAC's merger event. These securities trade independently from the common stock and units, offering investors the ability to separately manage their exposure to different components of the SPAC investment.