Company: CRAC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111020
Chunk: 37

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The
amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided
to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported
measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation
of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate
resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods,
and entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and
existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and
interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07
on April 29, 2025, its date of incorporation.
 
Management does not
believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on
our condensed financial statements.

23

Item 3. Quantitative
and Qualitative Disclosures About Market Risk

We are a smaller reporting company as defined by Rule 12b-2 under the
Exchange Act and are not required to provide the information otherwise required under this Item.

Item 4. Controls
and Procedures

Evaluation of Disclosure
Controls and Procedures

Disclosure controls
and procedures are controls and other procedures designed to ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s
rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information
required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to management, including
our Chief Executive Officer and Chief Financial Officer (together, the “Certifying Officers”), or persons performing similar
functions, as appropriate, to allow timely decisions regarding required disclosure.

Under the supervision
of and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer (the “Certifying