Core Points - Crown Reserve Acquisition Corp. I announced that starting on or about December 9, 2025, holders of units from the initial public offering can separately trade Class A ordinary shares, warrants, and rights included in the units [1] - The separated Class A ordinary shares, warrants, and rights are expected to trade on the Nasdaq Global Market under the symbols "CRAC," "CRACW," and "CRACR," while units not separated will continue to trade under the symbol "CRACU" [2] - A registration statement for these securities was filed with the SEC and became effective on September 26, 2025, with the offering made only by means of a prospectus [3] Company Information - The company has appointed VStock Transfer, LLC as the transfer agent for the separation of units into Class A ordinary shares, warrants, and rights [2] - Contact information for the Chief Financial Officer, Eric Sherb, is provided for inquiries related to the company [6]

Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $96, consisting solely of interest income [132]. - The company has no revenues to date and expects to incur increased expenses as a result of being a public company, including legal and compliance costs [131]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on November 10, 2025, raising gross proceeds of $172,000,000 from the sale of 17,250,000 Units at $10.00 per Unit [134]. - Following the IPO, a total of $172,500,000 was placed in the Trust Account, with transaction costs amounting to $2,079,000 [135]. Liquidity and Financial Needs - As of September 30, 2025, the company had liquidity needs satisfied through $25,000 from founder shares and $243,748 borrowed under an unsecured promissory note [133]. - The company intends to use substantially all funds in the trust account to complete its initial business combination and may make permitted withdrawals of interest as needed [136]. - The company has estimated primary liquidity requirements of approximately $180,000 for legal and accounting expenses, $150,000 for directors and officers insurance, and $205,000 for miscellaneous expenses [139]. - Prior to the initial business combination, the company will have $695,000 of proceeds held outside the trust account for operational and due diligence expenses [137]. - The company does not expect to need additional funds following the IPO to meet operating expenditures, but may require additional financing for the business combination [142]. Accounting Standards and Reporting - The FASB issued ASU 2023-07, effective for fiscal years beginning after December 15, 2023, requiring enhanced segment reporting disclosures [154]. - The ASU mandates annual and interim disclosures of significant segment expenses provided to the chief operating decision maker (CODM) [154]. - Public entities must disclose the title and position of the CODM and how they use reported measures of segment profit or loss [154]. - Companies with a single reportable segment must provide all disclosures required by the ASU and existing segment disclosures [154]. - Management believes that recently issued accounting standards will not materially affect condensed financial statements [155]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures [157]. Off-Balance Sheet Arrangements - The company has no off-balance sheet arrangements or long-term liabilities as of September 30, 2025 [145].

Financial Performance - As of June 30, 2025, the company reported a net income of $53, consisting solely of interest income[134]. - The company completed its Initial Public Offering on November 10, 2025, raising gross proceeds of $172,000,000 from the sale of 17,250,000 Units at $10.00 per Unit[136]. - Following the IPO, a total of $172,500,000 was placed in the Trust Account, with transaction costs amounting to $2,079,000[137]. Liquidity and Funding - The company has liquidity needs satisfied through $25,000 from founder shares and up to $5,000,000 in loans from the sponsor, with $171,148 borrowed under an unsecured promissory note as of June 30, 2025[135][148]. - The company intends to use substantially all funds in the trust account to complete its initial business combination, with any remaining proceeds used for working capital[138]. - The company does not anticipate needing to raise additional funds to meet operating expenditures prior to the initial business combination[145]. - Prior to the initial business combination, the company will have $695,000 available outside the trust account for operational expenses and due diligence[139]. Expenses and Costs - The company expects to incur approximately $180,000 for legal, accounting, and due diligence expenses related to business combinations, along with $150,000 for directors and officers insurance[141]. - The company does not have any long-term debt or off-balance sheet arrangements as of June 30, 2025[146]. Accounting Policies and Standards - The company has identified critical accounting policies, including the treatment of ordinary shares subject to possible redemption as temporary equity[154]. - The FASB issued ASU 2023-07, effective for fiscal years beginning after December 15, 2023, requiring significant segment expense disclosures[156]. - Public entities must disclose the title and position of the chief operating decision maker (CODM) and how they use reported segment profit or loss measures[156]. - Companies with a single reportable segment must provide all disclosures required by ASU 2023-07 and existing segment disclosures in Topic 280[156]. - Management believes that recently issued accounting standards will not materially affect the condensed financial statements[157]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[158].

Company Overview - Crown Reserve Acquisition Corp. I is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities [2] - The company may pursue acquisition opportunities across various industries but will focus on sectors where it has core competencies, including pharma, medical technology, medical equipment, and healthcare IT [2] Initial Public Offering (IPO) Details - The company closed its initial public offering of 17,250,000 units at a price of $10.00 per unit, resulting in gross proceeds of $172,500,000 [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "CRACU" on November 7, 2025 [1] - Each unit consists of one Class A ordinary share, one-half of one redeemable warrant, and one right to receive one-fifth of one Class A ordinary share upon the consummation of an initial business combination [1] - An amount equal to $10.00 per unit was deposited into a trust account upon the closing of the offering [1] Management Team - The management team is led by Prashant Patel, Chief Executive Officer and Chairman, and Eric Sherb, Chief Financial Officer and Director [3] - The Board includes members Michael Peterson, Donald G. Fell, Avinash Wadhwani, and Mayur Doshi [3] Advisory and Management Support - Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, acted as the sole book-running manager for the offering [4] - Thunder Rock Capital, LLC, a division of Finalis Securities LLC, served as an advisor to the company's management team [4] Regulatory Information - A registration statement relating to the securities was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on September 26, 2025 [5]