Company: CRAC
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001213900-25-049453
Chunk: 210

Company: Crown Reserve Acquisition Corp. I
Filing Date: 2025-05-30
Form: S-1
Chunk 210
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 of our initial business combination. In addition, SAP has agreed to (i) waive its redemption rights with respect to such SAP units (including the Class A ordinary shares included in the SAP units) in connection with the completion of our initial business combination, and (ii) waive its rights to liquidating distributions from the trust account with respect to such SAP units (including the Class A ordinary shares included in the SAP units) if we fail to complete our initial business combination within 24 months from the closing of this offering or at the end of any Extension Period. These SAP units, the Class A ordinary shares included in the SAP units, the Share Rights included in the SAP units, and the Class A ordinary shares underlying the Share Rights included as part of the SAP units are being registered in the registration statement of which this prospectus forms a part. The SAP units will be deemed compensation by FINRA and, in addition to the restriction on transfer discussed above, the SAP units (including the Class A ordinary shares included in the SAP units, the Share Rights included in the SAP units, and the Class A ordinary shares underlying the Share Rights included as part of the SAP units) are therefore subject to a minimum lock -up for a period of 180 days beginning on the date of the commencement of sales in this offering of which this prospectus forms a part pursuant to FINRA Rule 5110 (e)(1), subject to the exceptions pursuant to FINRA Rule 5110(e)(2). Pursuant to FINRA Rule 5110(e)(1), these securities will not be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days beginning on the date of commencement of sales of this offering, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days beginning on the date of commencement of sales of this offering except to any underwriter and selected dealer participating in the offering and their officers, partners, registered persons or affiliates. Ordinary Shares Upon the closing of this offering 19,386,000 ordinary shares will be issued and outstanding (assuming no exercise of the underwriters’ over -allotment option and the corresponding forfeiture of 562,500 founder shares by our sponsor), including: • 15,000,000 Class A ordinary shares underlying the units being offered in this offering; • 3,750,000 Class B ordinary shares held by our initial shareholders ; •