Company: CRAC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111020
Chunk: 28

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 28
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      Net income is reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination or similar transaction within the business combination period. The CODM also reviews net income to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Net income, as reported on the statements of operations, is the significant segment expenses provided to the CODM on a regular basis.   All other segment items included in net income or loss are reported on the statements of operations and described within their respective disclosures. 

Note 9 — Subsequent Events Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before the financial statements are issued or are available to be issued. These events and transactions either provide additional evidence about conditions that existed at the date of the balance sheet, including the estimated inherent in the process of preparing the financial statements (that is, recognized subsequent events), or provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date (that is, non-recognized subsequent events). In accordance with ASC 855, Subsequent Events, the Company has evaluated subsequent events through November 14, 2025, which was the date these financial statements were available for issuance and determined that there were no significant unrecognized events through that date aside from the below.  Change in Offering Terms  The original SPAC deal terms, as filed on May 30, 2025, offered 15,000,000 units in the initial public offering at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-seventh of a Class A ordinary share upon the completion of a business combination. There was a simultaneous private placement offering of 261,000 private placement units priced and structured identically to the public units.   In August 2025, the terms of the offering were amended so that each public unit consisted of one Class A ordinary share, one-half of one redeemable warrant, and one right to receive one-fifth of a Class A ordinary share, while maintaining the $10.00 offering price. The private placement units were restructured to be offering at $8.00 per unit at a higher quantity (346,875 private placement units), each consisting of one Class B-2 Unit and two Class C Units. Each Class B-2 Unit consists of one Class A ordinary share and one right to receive one-fifth