Company: CRAC
Filing Date: 2025-09-24
Form Type: S-1/A
Source: 0001213900-25-090802
Chunk: 3

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-09-24
Form: S-1/A
Chunk 3
---
 as our public shares, subject to the limitations described herein.Our amended and restated memorandum and articles of association will provide that we may only complete a proposed transaction if our net tangible assets are at least $5,000,001 either immediately prior to or upon consummation of our initial business combination. Consequently, if accepting all properly submitted redemption requests would not allow us to satisfy this condition, 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 12 months from the closing of this offering (or 15months from the closing of this offering if we have executed a business combination agreement for an initial business combination within 12months from the closing of this offering; no redemption rights shall be offered to our public shareholders in connection with any such extension from 12months to 15months if we have executed a business combination agreement for an initial business combination within 12months 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) 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