Company: CRAC
Filing Date: 2025-11-12
Form Type: 8-K
Source: 0001213900-25-108750
Chunk: 6

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-11-12
Form: 8-K
Item: Item 8.01
Chunk 6
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Item 8.01. Other Events.

A total of $172,500,000
of the gross proceeds from the IPO and the sale of the Private Placement Units, was placed in a U. S.-based trust account maintained
by Equiniti Trust Company LLC, acting as trustee, with the remainder of the proceeds being used to pay offering expenses or going to
the Company’s working capital account. Except with respect to interest earned on the funds in the trust account that may be
released to the Company to pay its taxes and up to $100,000 for winding up and dissolution expenses, the funds held in the trust
account will not be released from the trust account until the earliest of (i) the completion of the Company’s initial business
combination, (ii) the redemption of the Company’s public shares if it is unable to complete its initial business combination
within 12 months from the closing of the IPO or during any applicable extension period (or by such earlier liquidation date as the
Company’s Directors may approve), subject to applicable law, and (iii) the redemption of the Company’s public
shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and
Articles of Association to modify the substance or timing of its obligation to redeem 100% of the Company’s public shares if
it has not consummated an initial business combination within 12 months from the closing of the IPO or during any applicable
extension period or with respect to any other material provisions relating to shareholders’ rights or pre-initial business
combination activity.

On November 6, 2025, the
Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on
Form 8-K.

On November 10, 2025, the
Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on
Form 8-K.

Item 9.01 Financial Statements and Exhibits.