Company: CRAC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111020
Chunk: 16

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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 and “piggyback” registration rights. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of the applicable lock-up period for the securities to be registered. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriter’s Agreement  The Company granted the underwriter a 45-day option to purchase up to 2,250,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting discounts and commissions. On November 10, 2025, the underwriter fully exercised its over-allotment option of 2,250,000 Units.   The underwriter was entitled to a cash underwriting discount of $1,725,000, which was paid in cash at the closing of the Initial Public Offering.   The underwriters was entitled to an underwriting discount of $0.10 per unit, or $1,500,000 in the aggregate, payable upon the closing of the Initial Public Offering and the issuance of 431,250 Units upon the closing of the Initial Public Offering. $300,000 will be payable to the underwriters for deferred underwriting commissions. If the underwriters’ over-allotment option is exercised, $0.10 per over-allotment unit, or up to an additional $225,000 or $2,025,000 in the aggregate will be payable to the underwriters. Upon the closing of the IPO, the full over-allotment option was exercised (Note 9). A portion of the deferred underwriting commission may be allocated to third parties at the discretion of the Sponsor. 

Note 7 — Shareholder’s Equity Ordinary Shares  Class A Ordinary Shares — The Company is authorized to issue 300,000,000 Class A Ordinary Shares with a par value of $0.0001 per share. As of June 30, 2025, there were no Class A Ordinary Shares issued or outstanding.   Class B Ordinary Shares — The Company is authorized to issue 50,000,000 Class B Ordinary Shares with a par value of $0.0001 per share. Holders of Class B Ordinary Shares are entitled to one vote for each share. As of June 30, 2025, there were 4,312,500 Class B Ordinary Shares outstanding. Of the 4,312,