Company: CRAC
Filing Date: 2025-09-04
Form Type: S-1/A
Source: 0001213900-25-084243
Chunk: 31

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-09-04
Form: S-1/A
Chunk 31
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 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 2,750,000 founder shares (or up to 3,312,500 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 253,125 private placement units (or up to 281,250 private placement units if the over -allotmentis exercised in full) at a price of $8.00 per unit ($2,025,000 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. Because our sponsor acquired the founder shares at a nominal price of $0.006, our public shareholders will experience immediate and substantial 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, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of the offering in such amount as to maintain the ownership of founder shares by our initial shareholders, on an as -convertedbasis, at 20% of our issued and outstanding ordinary shares upon the consummation of this offering (not including the private placement shares). Upon the closing of this offering, and assuming no value is ascribed to the Share Rights included in the units, you and the other public shareholders will incur an immediate and substantial dilution of approximately 25.5% (or $2.55 per share, assuming no exercise of the underwriters’ over -allotmentoption), the difference between