Cal Redwood Acquisition Corp. [CRAQU]
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Cal Redwood Acquisition Corp. [CRAQU] represents units issued by Cal Redwood Acquisition Corp., a special purpose acquisition company. Each unit typically consists of one share of common stock combined with a fraction of one warrant or right, packaged as a single tradable security. Units are initially sold in the SPAC's public offering and can subsequently be separated into their constituent parts. These securities provide investors with a bundled investment that includes both direct equity ownership and derivative securities tied to the SPAC's future business combination.