Company: CRAC
Filing Date: 2025-09-04
Form Type: S-1/A
Source: 0001213900-25-084243
Chunk: 302

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-09-04
Form: S-1/A
Chunk 302
---
, the Company will pay Polaris a deferred underwriting fee in an amount of $300,000. We estimate that our non -reimbursedout -of-pocketexpenses for this offering will be approximately $50,000. We have agreed to pay for the FINRA -relatedfees and other reasonable and documented out -of-pocketexpenses related to the offering, including but not limited to background checks and expenses of the underwriters’ legal counsel, not to exceed $150,000. Additionally, we have paid an expense advance to Polaris of $50,000 which shall be applied towards the $150,000 expense cap set forth herein. Any portion of the $50,000 expense advance shall be returned back to the Company to the extent not actually incurred. The underwriters have informed us that the underwriters do not intend to make sales to discretionary accounts. We, our sponsor, our officers and directors have agreed that we and they will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, without the prior written consent of Polaris for a period of 180 days after the date of this prospectus, any units, Share Rights, ordinary shares or any other securities convertible

187 into, or exercisable, or exchangeable for, ordinary shares; provided, however, that we may (1) issue and sell the private placement units; (2) issue and sell the additional units to cover our underwriters’ over -allotmentoption (if any); (3) register with the SEC pursuant to an agreement to be entered into on or prior to the closing of this offering, the resale of the private placement units and the ordinary shares issuable upon exercise of the units and the founder shares; and (4) issue securities in connection with our initial business combination. However, the foregoing shall not apply to the surrender of any founder shares pursuant to their terms or any transfer of founder shares to any of our current or future independent directors (as long as such current or future independent director is subject to the terms of the letter agreement, filed herewith, at the time of such transfer; and as long as, to the extent any Section 16 reporting obligation is triggered as a result of such transfer, any related Section 16 filing includes a practical explanation as to the nature of the transfer). Polaris may, in its sole discretion, release any of the securities subject to these lock -upagreements at any time without notice. Our sponsor, officers and directors are also subject to separate transfer