Company: CRAC
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001213900-25-063347
Chunk: 3

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-07-11
Form: S-1/A
Chunk 3
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, we would not proceed with such proposed transaction and may instead search for an alternative business combination. If we are unable to complete our initial business combination within 24 months from the closing of this offering, or during any Extension Period (as defined herein), we will redeem 100% of the public shares at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (net of Permitted Withdrawals and less up to $100,000 of interest to pay dissolution expenses), minus any Advisor Expenses, divided by the number of then issued and outstanding public shares, subject to applicable law and as further described herein. There is no limit on the number of extensions that we may seek; however, we do not expect to extend the time period to consummate our initial business combination beyond 36months from the closing of this offering and the Nasdaq will de -listour securities if our initial business combination is not consummated within 36months. Under Cayman Islands law, a vote to grant an Extension Period must be approved by at least two -thirdsof our ordinary shares who, being entitled to do so, attend and vote (either in person or by proxy) at a general meeting of the Company. If we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association will provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares, without the consent of the directors, with respect to more than an aggregate of 15% of the shares sold in this offering. On May 12, 2025, our sponsor, Crown Acquisition Sponsor LLC, a Delaware limited liability company, paid $25,000 to cover certain offering costs in exchange for 4,312,500 Class B ordinary shares, which we also refer to as founder shares throughout this prospectus. Up to 562,500 founder shares are subject to forfeiture by our sponsor depending on the extent to which the underwriters’ over -allotmentoption is exercised. If none of the founder shares are forfeited, the resulting purchase price would be approximately $0.006 per share. Prior to the initial investment in the Company