---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-061254"
form_type: "8-K"
ticker: "CPTKW"
cik: "0001827899"
company_name: "Crown PropTech Acquisitions"
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:30:05.404339+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Crown PropTech SPAC to merge with Mkango Resources' Lancaster, creating Mkango Rare Earths

## Summary
- Each SPAC share converts to one PubCo ordinary share; SPAC warrants become exercisable for PubCo shares on same terms.
- Minimum $25.75M financing required prior to close; SPAC trust cash after redemptions must be at least $5.0M.
- Lock-up: 80% of insider shares subject to release over 3–24 months depending on holder type (sponsors vs. company shareholders).
- Closing conditions include SPAC shareholder approval, TSX Venture Exchange approval, and no government order blocking the deal.
- Outside date for closing is March 11, 2026; agreement may be terminated earlier under specified conditions.

## SEC filing metadata
- accession: 0001213900-25-061254
- form_type: 8-K
- ticker: CPTKW
- cik: 0001827899
- company_name: Crown PropTech Acquisitions
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1827899/000121390025061254/0001213900-25-061254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1827899/000121390025061254/ea0247973-8k425_crown.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-061254
- JSON: https://secwatch.observer/filing/0001213900-25-061254.json
- Plain text: https://secwatch.observer/filing/0001213900-25-061254.txt

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