Company: CRAC
Filing Date: 2025-07-16
Form Type: S-1/A
Source: 0001213900-25-064764
Chunk: 321

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-07-16
Form: S-1/A
Chunk 321
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 Shares with a par value of $0.0001 per share. As of May 15, 2025, there were no Class A Ordinary Shares issued or outstanding. Class B Ordinary Shares— The Company is authorized to issue 50,000,000 Class B Ordinary Shares with a par value of $0.0001 per share. Holders of Class B Ordinary Shares are entitled to one vote for each share. As of May 15, 2025, there were 4,312,500 Class B Ordinary Shares outstanding. Of the 4,312,500 Class B Ordinary Shares, an aggregate of up to 562,500shares subject to forfeiture to the Company by the Sponsor for no consideration to the extent that the underwriters’ over -allotmentoption is not exercised in full or in part, so that the initial shareholders will collectively own 20% of the Company’s issued and outstanding Ordinary Shares after the Proposed Public Offering. On May 12, 2025, the Sponsor purchased 4,312,500shares of the Company’s Class B Ordinary Shares for an aggregate price of $25,000. Holders of Class A Ordinary Shares and Class B Ordinary Shares will vote together as a single class on all other matters submitted to a vote of shareholders except as required by law. The Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the initial Business Combination on a one -for -onebasis, subject to adjustment. In the case that additional Class A Ordinary Shares, or equity -linkedsecurities, are issued or deemed issued in excess of the amounts offered in the Proposed F-15 CROWN RESERVE ACQUISITION CORP. I
NOTES TO FINANCIAL STATEMENTS Note 7 — Shareholder’s Equity (cont.) Public Offering and related to the closing of the initial Business Combination, the ratio at which Class B Ordinary Shares shall convert into Class A Ordinary Shares will be adjusted (unless the holders of a majority of the outstanding Class B Ordinary Shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A Ordinary Shares issuable upon conversion of all Class B Ordinary Shares will equal, in the aggregate, on an as -convertedbasis, 20% of the sum of the total number of all shares of Ordinary Shares outstanding upon the completion of the Proposed Public Offering (irrespective of whether or not such ordinary shares are redeemed in connection with our initial business combination) plus all Class A Ordinary Shares and equity