Company: CRAC
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001213900-25-049453
Chunk: 12

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-05-30
Form: S-1
Chunk 12
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 the company; •“private placement rights” are to the Share Rights included in the private placement; •“private placement shares” are to the Class A ordinary shares included in the private placement units; 1 •“private placement units” are to the units, each unit consisting of one Class A ordinary share and one Share Right, issued to our sponsor at a price of $10.00 per unit in a private placement simultaneously with the closing of this offering; •“public shareholders” are to the holders of our public shares , including our initial shareholders, management team, advisors and any non -managing sponsor investors to the extent our initial shareholders, members of our management team, non -managing sponsor investors and/or advisors purchase public shares, provided that each initial shareholder’s, member of our management team’s, advisor’s and any non -managing sponsor investors’ status as a “public shareholder” will only exist with respect to such public share; •“public shares” are to our Class A ordinary shares offered as part of the units in this offering (whether they are subscribed for in this offering or thereafter in the open market); •“SAP shares” are to the Class A ordinary shares included in the SAP units; •“SAP units” are to 375,000 (or 431,250 units if the over -allotmentoption is exercised in full) that we agreed to issue to SAP upon the consummation of this initial public offering as part of the underwriting compensation in connection with this offering; •“Share Rights” are to the rights to receive one -seventh(1/7) of a Class A ordinary share upon the consummation of an initial business combination which are being sold as part of the units in this offering, private placement, and the SAP units; and •“sponsor” are to Crown Acquisition Sponsor LLC, a Delaware limited liability company controlled by Eric Sherb, the managing member. All references in this prospectus to our shares being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. Any conversion of the Class B ordinary shares described in this prospectus will take effect as a redemption of Class B ordinary shares and an issuance of Class A ordinary shares as a matter of Cayman Islands law. All references in this prospectus to our share dividends shall take effect as share capitalizations as a matter of Cayman Islands law. No fractional Share Rights will be issued in connection with the exchange of Share Rights . Accordingly