Company: CRAC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111020
Chunk: 34

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 34
---
 our initial business combination
or because we become obligated to redeem a significant number of our public shares upon completion of our initial business combination,
in which case we may issue additional securities or incur debt in connection with such business combination. Subject to compliance with
applicable securities laws, we would only complete such financing simultaneously with the completion of our business combination. If
we are unable to complete our initial business combination because we do not have sufficient funds available to us, we will be forced
to cease operations and liquidate the trust account. In addition, following our initial business combination, if cash on hand is insufficient,
we may need to obtain additional financing in order to meet our obligations.
 
Going Concern Consideration
 
As of June 30, 2025,
our cash balance was $25,053 in cash and we had working capital of $25,053,
 
Subsequent to the consummation
of our Initial Public Offering, our liquidity has been satisfied through the net proceeds from our Initial Public Offering and the Private
Placement held outside of the Trust Account. In addition, in order to finance transaction costs in connection with a business combination,
our sponsor or an affiliate of our sponsor, or certain of our officers and directors or their affiliates may, but are not obligated to,
loan us funds as may be required.
 
Based on the foregoing,
among other considerations, we do not believe we will need to raise additional funds to meet the expenditures required for operating our
business, and that we will have sufficient working capital and borrowing capacity to meet our needs through the earlier of the consummation
of our initial business combination or the next twelve months.
 
Off-Balance Sheet
Arrangements
 
We had no obligations,
assets or liabilities, which would be considered off-balance sheet arrangements as of June 30, 2025. We do not participate in transactions
that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which
would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance
sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased
any non-financial assets.
 
Contractual Obligations
 
We do not have any long-term
debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an affiliate of
our sponsor a fee of approximately $10,000 per month for administrative and