Crown Reserve Acquisition Corp. I closes $172.5M SPAC IPO on Nasdaq

Crown Reserve Acquisition Corp. I

Priced 17.25M units at $10/unit; gross proceeds $172.5M including full exercise of over-allotment.
Units trade on Nasdaq under CRACU; each unit consists of one ordinary share, half warrant, and one right.
Trust account funded with ~$172.5M ($10/unit); funds available for initial business combination within 12 months.
Management led by CEO Prashant Patel and CFO Eric Sherb; board includes four independent directors.
Business combination focus on pharma, medical technology, and healthcare IT industries.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Crown Reserve Acquisition Corp. I issued 375,000 private placement units of unit to Crown Acquisition Sponsor LLC for $8.00 per Private Placement Unit.

Security: unit
Shares: 375,000 private placement units
Purchaser: Crown Acquisition Sponsor LLC
Consideration: $8.00 per Private Placement Unit

Exact text from the filing

the Company completed the private sale of an aggregate of 375,000 private placement units (the “Private Placement Units”) to Crown Acquisition Sponsor LLC at a price of $8.00 per Private Placement Unit

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Crown Reserve Acquisition Corp. I: Adopted Fourth Amended and Restated Memorandum and Articles of Association upon effectiveness of registration statement for initial public offering (effective 2025-09-26).

Change: charter amendment
Effective: 2025-09-26

Exact text from the filing

On September 26, 2025, upon the effectiveness of its registration statement on Form S-1 (File No. 333-287674) in connection with its initial public offering, the Company adopted its Fourth Amended and Restated Memorandum and Articles of Association, which had been conditionally approved by special resolution of the shareholders on September 25, 2025

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226 equity issuances filed in the last 30 days. Browse all equity issuances →

Crown Reserve Acquisition Corp. I filing history →

Source: SEC EDGAR

accession 0001213900-25-108750

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