Company: CRAC
Filing Date: 2025-09-25
Form Type: S-1/A
Source: 0001213900-25-091297
Chunk: 217

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-09-25
Form: S-1/A
Chunk 217
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 our founder shares will have the right to appoint and remove our directors prior to consummation of our initial business combination and holders of our public shares will not have the right to vote on the appointment of directors during such time. These provisions of our amended and restated memorandum and articles of association may only be amended by a special resolution passed by at least 90% of our Class B ordinary shares voting in a general meeting. Each of our directors will hold office until terminated as described in the amended and restated articles and memorandum of association. Subject to any other special rights applicable to the shareholders, any vacancies on our board of directors may be filled by the affirmative vote of a majority of the directors present and voting at the meeting of our board or by a majority of the holders of our founder shares. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our amended and restated memorandum and articles of association as it deems appropriate. Our amended and restated memorandum and articles of association will provide that our officers may consist of a Chairman, a Chief Executive Officer, a President, a Chief Operating Officer, Chief Financial Officer, Vice Presidents, a Secretary, Assistant Secretaries, a Treasurer and such other offices as may be determined by the board of directors. Previous SPAC Experience The following is the status of each SPAC that our Directors, Officers, and Director Nominees have served as a Director, Officer or Board Advisor: •Oceantech Acquisitions I Corp. (NASDAQ: OTAC) — Mr. Peterson has served as director since March 2023. Mr. Fell has served as director since March 2023. Oceantech Acquisitions I Corp. (“Oceantech”) extended the period of time it had to consummate its initial business combination by an aggregate of 30 months. On June3, 2024, Oceantech requested its registration statement be withdrawn effective immediately and announced its termination of the merger agreement for its initial business combination and its liquidation. 138 •Aspire Biopharma Inc. (NASDAQ: ASBP), pre -initialbusiness combination: Powerup Acquisitions Corp. (NASDAQ: PWUP) — Mr. Patel served as a board advisor. Mr. Doshi served as a director from August 2023 until the completion of its initial business combination in February 2025. On February17,