Company: CRAC
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001213900-25-062977
Chunk: 240

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-07-11
Form: S-1/A
Chunk 240
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 opportunity to redeem their public shares in conjunction with any such amendment. The holders of the private placement units have also agreed not to redeem any private placement shares in connection with a shareholder vote to approve our proposed initial business combination or an amendment to our amended and restated memorandum and articles of association that would affect the substance or timing of our redemption obligation to redeem all public shares or sell any shares to us in any tender offer in connection with our proposed initial business combination, and that the private placement shares shall not participate in any liquidating distribution upon winding up if an initial business combination is not consummated. 150 SAP units 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 24 months 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 being registered in the registration statement of which this prospectus forms a part. The SAP units will be deemed compensation by FINRA and, in addition to the restriction on transfer discussed above, the SAP units (including 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 therefore subject to a minimum lock -up for a period of 180 days beginning on the date of the commencement of sales in this offering of which this prospectus forms a part pursuant to FINRA Rule 5110 (e)(1), subject to the exceptions pursuant to FINRA Rule 5110(e)(2). Pursuant to FINRA Rule 5110(e)(1), these securities will not be the subject of any hedging, short sale, derivative, put or call transaction that