Company: CRAC
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001213900-25-063347
Chunk: 291

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-07-11
Form: S-1/A
Chunk 291
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 things, the price of units available for purchase in the open market as compared to the price at which they may purchase units through the over -allotmentoption. If the underwriters sell more units than could be covered by the over -allotmentoption, a naked short position, the position can only be closed out by buying units in the open market. A naked short position is more likely to be created if the underwriters are concerned that there could be downward pressure on the price of the units in the open market after pricing that could adversely affect investors who purchase in this offering. •Penalty bids permit the representative to reclaim a selling concession from a syndicate member when the units originally sold by the syndicate member are purchased in a stabilizing or syndicate covering transaction to cover syndicate short positions. These stabilizing transactions, syndicate covering transactions and penalty bids may have the effect of raising or maintaining the market price of our units or preventing or retarding a decline in the market price of the units. As a result, the price of our units may be higher than the price that might otherwise exist in the open market. These transactions may be effected on Nasdaq or otherwise and, if commenced, may be discontinued at any time. We have agreed to issue to SAP and/or its designees, 375,000 SAP units (or up to 431,250 SAP units if the underwriters’ over -allotmentoption is exercised in full) upon the consummation of this offering. The SAP units will be identical to the units sold in this offering except that SAP has agreed not to transfer, assign or sell any such SAP units (or the Class A ordinary shares or Share Rights included in the SAP units) without prior consent of the Company until the completion of our initial business combination. In addition, SAP has agreed to (i) waive its redemption rights with respect to such SAP units (including the Class A ordinary shares included in the SAP units) in connection with the completion of our initial business combination, and (ii) waive its rights to liquidating distributions from the trust account with respect to such SAP units (including the Class A ordinary shares included in the SAP units) if we fail to complete our initial business combination within 24months from the closing of this offering or at the end of any Extension Period. These SAP units, the Class A ordinary shares included in the SAP units, the Share Rights included in the SAP units, and the Class A ordinary shares underlying the Share Rights included as part of the SAP units are