Company: CRAC
Filing Date: 2025-10-20
Form Type: POS462C
Source: 0001213900-25-100119
Chunk: 312

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-10-20
Form: POS462C
Chunk 312
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 of the units in the open market after the distribution has been completed in order to cover syndicate short positions. In determining the source of units to close out the short position, the underwriters will consider, among other things, the price of units available for purchase in the open market as compared to the price at which they may purchase units through the over -allotmentoption. If the underwriters sell more units than could be covered by the over -allotmentoption, a naked short position, the position can only be closed out by buying units in the open market. A naked short position is more likely to be created if the underwriters are concerned that there could be downward pressure on the price of the units in the open market after pricing that could adversely affect investors who purchase in this offering. •Penalty bids permit the representative to reclaim a selling concession from a syndicate member when the units originally sold by the syndicate member are purchased in a stabilizing or syndicate covering transaction to cover syndicate short positions. These stabilizing transactions, syndicate covering transactions and penalty bids may have the effect of raising or maintaining the market price of our units or preventing or retarding a decline in the market price of the units. As a result, the price of our units may be higher than the price that might otherwise exist in the open market. These transactions may be effected on Nasdaq or otherwise and, if commenced, may be discontinued at any time. We have agreed to issue to Polaris and/or its designees, 375,000 Polaris units (or up to 431,250 Polaris units if the underwriters’ over -allotmentoption is exercised in full) upon the consummation of this offering. The Polaris units will be identical to the units sold in this offering except that Polaris has agreed not to transfer, assign or sell any such Polaris units (or the Class A ordinary shares, warrants, or Share Rights included in the Polaris units) without prior consent of the Company until the completion of our initial business combination. In addition, Polaris has agreed to (i) waive its redemption rights with respect to such Polaris units (including the Class A ordinary shares included in the Polaris units) in connection with the completion of our initial business combination, and (ii) waive its rights to liquidating distributions from the trust account with respect to such Polaris units (including the Class A ordinary shares included in the Polaris units) if we fail to complete our initial business combination within 12