Meteora Capital, LLC Acquires 9.58% Stake in Cal Redwood Acquisition Corp. (CRAQ)

On May 15, 2026, Meteora Capital, LLC, along with its Managing Member Vik Mittal, filed a Schedule 13G/A regarding their holdings in Cal Redwood Acquisition Corp. (CRAQ). The filing reports that as of March 31, 2026, the reporting persons beneficially own 2,266,418 shares of Class A common stock, representing a 9.58% ownership stake in the company. This reflects a significant increase from the previously reported 0.0% ownership. Meteora Capital, a Delaware limited liability company based in Boca Raton, Florida, serves as the investment manager for various funds and managed accounts that hold these shares. The reporting persons have shared voting and dispositive power over the entire position. The filing was made under Rule 13d-1(b), indicating that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. This amendment marks a substantial new position for the investment firm in the Menlo Park-based acquisition corporation.