Company: CRAC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111020
Chunk: 31

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 31
---
We expect to continue
to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination
will be successful.
 
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-operating income 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.
 
For the period June
30, 2025, we had net income of $53, consisting of interest income.

20

Liquidity and Capital
Resources
 
Our liquidity needs have
been satisfied prior to consummation of the Initial Public Offering through advances on behalf of the Company of $25,000 from the sale
of the founder shares to our sponsor and less up to $5,000,000 in loans from our sponsor under an unsecured promissory note. As of June 30,
2025 we had borrowed $171,148 under the unsecured promissory note.
 
Subsequent to the quarterly
period covered by this Quarterly Report on Form 10-Q, on November 10, 2025, we consummated the Initial Public Offering of 17,250,000 Units,
which includes the full exercise by the underwriter of its over-allotment option of 2,250,000 Units, at $10.00 per Unit, generating gross
proceeds of $172,000,000. Simultaneously with the closing of the Initial Public Offering, we consummated the sale of an aggregate of 375,000
Private Placement Units at a price of $8.00 per Private Placement Unit, generating gross proceeds of $3,000,000.
 
Following the Initial Public Offering, the full
exercise of the over-allotment option, and the sale of the Units, a total of $172