Company: CRAC
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001213900-25-049453
Chunk: 127

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-05-30
Form: S-1
Chunk 127
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 changes in government regulation; and •limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes and other disadvantages compared to our competitors who have less debt. Results of Operations and Known Trends or Future Events We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business combination. We expect to generate non -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 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 $150,530,000 (or $173,195,000 if the underwriters’ over -allotmentoption is exercised in full). $149,920,000 (or $172,585,000 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 $610,000 will not be held in the trust account. In the event that our offering expenses exceed our estimate of $