---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-091835"
form_type: "8-K"
ticker: "CPTKW"
cik: "0001827899"
company_name: "Crown PropTech Acquisitions"
filed_at: "2022-08-16T23:59:59+00:00"
generated_at: "2026-06-23T23:33:25.111846+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Brivo terminates business combination with Crown PropTech; CFO and director resign

## Summary
- Brivo notified Crown of termination of Business Combination Agreement on August 10, 2022; Crown alleges breach and will pursue remedies.
- Dr. Pius Sprenger resigned as CFO and from the board effective August 12, 2022.
- Dr. Martin Enderle resigned from the board effective August 12, 2022.
- The deal, initially announced November 10, 2021, would have merged Brivo into Crown SPAC.

## SEC filing metadata
- accession: 0001104659-22-091835
- form_type: 8-K
- ticker: CPTKW
- cik: 0001827899
- company_name: Crown PropTech Acquisitions
- filed_at: 2022-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1827899/000110465922091835/0001104659-22-091835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1827899/000110465922091835/tm2223617d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-091835
- JSON: https://secwatch.observer/filing/0001104659-22-091835.json
- Plain text: https://secwatch.observer/filing/0001104659-22-091835.txt

## Key facts
- Executive change
  Dr. Pius Sprenger resigned as Chief Financial Officer at Crown PropTech Acquisitions.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On August 12, 2022, Dr. Pius Sprenger, Crown's Chief Financial Officer and a member of the board of directors of Crown (the “Board”) notified the Board of his resignation from the Board and from his role as Chief Financial Officer of Crown, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1827899/000110465922091835/0001104659-22-091835-index.htm
- Executive change
  Dr. Martin Enderle resigned as Member of the Board at Crown PropTech Acquisitions.
  - Action: resigned
  - Role: Member of the Board
  source text: On August 12, 2022, Dr. Martin Enderle, a member of the Board and chair of the audit committee, notified the Board of his resignation from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1827899/000110465922091835/0001104659-22-091835-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.