Company: CRAC
Filing Date: 2025-09-25
Form Type: S-1/A
Source: 0001213900-25-091297
Chunk: 147

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-09-25
Form: S-1/A
Chunk 147
---
 in connection with additional financing that we may seek in connection with an initial business combination, (iii) no working capital loans are converted into private placement units, as further described in this prospectus and (iv) no value is attributed to the units (however, we may need to issue ordinary shares or convertible equity in the circumstances described above, if we intend to target an initial business combination with a target company whose enterprise value is greater than the next proceeds of this offering and the sale of private placement units) (v) the anti -dilutionprovision applicable to the Class B ordinary shares do not impact the dilution calculations in the proforma presentation, and (B) assume the issuance of 15,000,000 public shares (or 17,250,000 public shares if the over -allotmentoption is exercised in full), 4,312,500 founder shares (up to 562,500 of which are assumed to be forfeited in the scenario in which the over -allotmentoption is not exercised in full). As of May 15, 2025, our net tangible book deficit was $100,000, or approximately $(0.04) per ordinary share. The following table illustrates the difference between the public offering price per Class A ordinary share and our net tangible book value per Class A ordinary share (“NTBV”), as adjusted to give effect to this offering and assuming the redemption of our public shares at varying levels.

| As of May 15, 2025 |                                                 |     |                |      |     |            |      |     |                |      |     |            |      |     |                |      |     |            |      |     |             |      |     |            |      |
|:-------------------|------------------------------------------------:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:------------|-----:|:----|:-----------|-----:|
| Offering           
 Price of           
 $10.00 per         
 Class A            
 ordinary share     |                                                 |     | 25% of Maximum 
 Redemptions    |      |     |            |      |     | 50% of Maximum 
 Redemptions    |      |     |            |      |     | 75% of Maximum 
 Redemptions    |