---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-004315"
form_type: "8-K"
ticker: "CPTKW"
cik: "0001827899"
company_name: "Crown PropTech Acquisitions"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:52:53.027945+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Crown PropTech CEO resigns; co-CEOs appointed; Sponsor sells 5.66M Class B shares to CIIG

## Summary
- Richard Chera resigned as CEO, principal financial and accounting officer effective Jan 17, 2023; remains a director.
- Gavin Cuneo and Michael Minnick appointed as co-CEOs, effective immediately.
- Sponsor sold 5,662,000 Class B ordinary shares and 250,667 private placement warrants to CIIG Management III LLC.
- CIIG entered into a Letter Agreement with the Company regarding voting and lock-up provisions.

## SEC filing metadata
- accession: 0001104659-23-004315
- form_type: 8-K
- ticker: CPTKW
- cik: 0001827899
- company_name: Crown PropTech Acquisitions
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1827899/000110465923004315/0001104659-23-004315-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1827899/000110465923004315/tm233564d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-004315
- JSON: https://secwatch.observer/filing/0001104659-23-004315.json
- Plain text: https://secwatch.observer/filing/0001104659-23-004315.txt

## Key facts
- Executive change
  Richard Chera resigned as Chief Executive Officer at Crown PropTech Acquisitions.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On January 17, 2023, Richard Chera informed Crown PropTech Acquisitions (the “Company”) of his decision to resign as Chief Executive Officer (“CEO”) of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1827899/000110465923004315/0001104659-23-004315-index.htm
- Executive change
  Gavin Cuneo was appointed as Co-Chief Executive Officer at Crown PropTech Acquisitions.
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: On January 17, 2023, the board of directors of the Company appointed Mr. Gavin Cuneo and Mr. Michael Minnick as co-CEOs of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1827899/000110465923004315/0001104659-23-004315-index.htm
- Executive change
  Michael Minnick was appointed as Co-Chief Executive Officer at Crown PropTech Acquisitions.
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: On January 17, 2023, the board of directors of the Company appointed Mr. Gavin Cuneo and Mr. Michael Minnick as co-CEOs of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1827899/000110465923004315/0001104659-23-004315-index.htm

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