Company: CRAC
Filing Date: 2025-09-25
Form Type: S-1/A
Source: 0001213900-25-091297
Chunk: 153

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-09-25
Form: S-1/A
Chunk 153
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operatingincome in the form of interest income on cash and cash equivalents after this offering. There has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements. After this offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially after the closing of this offering. Liquidity and Capital Resources Our liquidity needs have been satisfied prior to completion of this offering through advances on behalf of the Company of $25,000 from the sale of the founder shares to our sponsor and less up to $5,000,000 in loans from our sponsor under an unsecured promissory note. As of May15, 2025 we had borrowed $110,000 under the unsecured promissory note. We estimate that the net proceeds from the sale of the units in this offering and the sale of the private placement units, after deducting offering expenses of approximately $580,000 and underwriting commissions of $1,500,000, or $1,725,000 if the underwriters’ over -allotmentoption is exercised in full, (excluding deferred underwriting commissions of $300,000), will be $150,695,000 (or $173,195,000 if the underwriters’ over -allotmentoption is exercised in full). $150,000,000 (or $172,500,000 if the underwriters’ over -allotmentoption is exercised in full) will be held in the trust account, which includes the deferred underwriting commissions described above. The funds in the trust account will be invested only in specified U.S. government treasury bills or in specified money market funds. The remaining $695,000 will not be held in the trust account. In the event that our offering expenses exceed our estimate of $580,000 we may fund such excess with funds not to be held in the trust account. In such case, the amount of funds we intend to hold outside the trust account would decrease by a corresponding amount. Conversely, in the event that the offering expenses are less than our estimate of $580,000, the amount of funds we intend to hold outside the trust account would increase by a corresponding amount. We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust account (which interest shall be net