Company: CRAC
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001213900-25-049453
Chunk: 148

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-05-30
Form: S-1
Chunk 148
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. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one-to-one. |

____________ (1)Subject to the non -managingsponsor investors purchasing, through the sponsor, the private placement units allocated to them in connection with the closing of this offering as described below, the sponsor will issue membership interests at a nominal purchase price of $0.006 per underlying founder share to the non -managingsponsor investors at the closing of this offering reflecting indirect interests in an aggregate of 2,718,750 founder shares (or up to 3,125,000 founder shares if the underwriters exercise the over -allotmentoption in full) held by the sponsor. (2)The non -managingsponsor investors have expressed an interest to purchase, indirectly through the purchase of non -managingmembership interests, an aggregate of 195,750 private placement units (or up to 225,000 private placement units if the over -allotmentis exercised in full) at a price of $10.00 per unit ($1,957,500 in the aggregate, or $2,250,000 of the over -allotmentoption is exercised in full) in a private placement that will close simultaneously with the closing of this offering. The purchase of the non -managingsponsor membership interests is not contingent upon the participation in this offering or vice versa. Because our sponsor acquired the founder shares at a nominal price, our public shareholders will experience dilution. Upon the closing of this offering, and assuming no value is ascribed to the Share Rights included in the units, you and the other public shareholders will incur an immediate and substantial dilution of approximately 22.6% (or $2.26 per share, assuming no exercise of the underwriters’ over -allotmentoption), the difference between the pro forma net tangible book value per share of $7.74 and the initial offering price of $10.00 per unit. This dilution would increase to the extent that the anti -dilutionprovisions of the Class B ordinary shares result in the issuance of Class A ordinary shares on a greater than one -to -onebasis upon conversion of the Class B ordinary shares at the time of our initial business combination. In addition, because of the anti -dilutionprotection in the founder shares, any equity or equity -linkedsecurities issued or deemed issued in connection with our initial business combination would be disproportionately dilutive to our