Company: CRAC
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001213900-25-062977
Chunk: 30

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-07-11
Form: S-1/A
Chunk 30
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 closing of this offering as described below, the sponsor will issue membership interests at a nominal purchase price of $0.006 per underlying founder share to the non -managingsponsor investors at the closing of this offering reflecting indirect interests in an aggregate of 2,718,750 founder shares (or up to 3,125,000 founder shares if the underwriters exercise the over -allotmentoption in full) held by the sponsor. (2)The non -managingsponsor investors have expressed an interest to purchase, indirectly through the purchase of non -managingmembership interests, an aggregate of 195,750 private placement units (or up to 225,000 private placement units if the over -allotmentis exercised in full) at a price of $10.00 per unit ($1,957,500 in the aggregate, or $2,250,000 of the over -allotmentoption is exercised in full) in a private placement that will close simultaneously with the closing of this offering. The purchase of the non -managingsponsor membership interests is not contingent upon the participation in this offering or vice versa. Because our sponsor acquired the founder shares at a nominal price of $0.006, our public shareholders will experience immediate and substantial dilution. Further, if we increase or decrease the size of the offering pursuant to Rule 462(b) under the Securities Act, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of the offering in such amount as to maintain the ownership of founder shares by our initial shareholders,

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on an as -convertedbasis, at 20% of our issued and outstanding ordinary shares upon the consummation of this offering (not including the private placement shares). Upon the closing of this offering, and assuming no value is ascribed to the Share Rights included in the units, you and the other public shareholders will incur an immediate and substantial dilution of approximately 22.6% (or $2.26 per share, assuming no exercise of the underwriters’ over -allotmentoption), the difference between the pro forma net tangible book value per share of $7.74 and the initial offering price of $10.00 per unit. This dilution would materially increase to the extent that the anti -dilutionprovisions of the Class B ordinary shares, as described above, result in the issuance of Class A ordinary