Company: CRAC
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001213900-25-062977
Chunk: 173

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-07-11
Form: S-1/A
Chunk 173
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 issued and outstanding upon completion of this offering (irrespective of whether or not such ordinary shares are redeemed in connection with our initial business combination) plus all Class A ordinary shares and equity-linked securities issued or deemed issued in connection with our initial business combination, excluding any shares or equity-linked securities issued, or to be issued, to any seller in our initial business combination, |
|        |     |                                                                                                                                                                                                                                                                                                                                   |     | and any ordinary shares issued upon exercise of private placement units issued to our sponsor or its affiliates upon conversion of loans made to us. Any conversion of the Class B ordinary shares described herein will take effect as a compulsory redemption of Class B ordinary shares and an issuance of Class A ordinary shares as a matter of Cayman Islands law. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one-to-one.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

____________ (1)Subject to the non -managingsponsor investors purchasing, through the sponsor, the private placement units allocated to them in connection with the 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.

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Because our sponsor acquired the founder shares at a nominal price, our public shareholders will experience 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,