---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-108750"
form_type: "8-K"
ticker: "CRAC"
cik: "0002070887"
company_name: "Crown Reserve Acquisition Corp. I"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:51:36.160370+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-108750
- form_type: 8-K
- ticker: CRAC
- cik: 0002070887
- company_name: Crown Reserve Acquisition Corp. I
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/0001213900-25-108750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/ea0264850-8k_crown1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-108750
- JSON: https://secwatch.observer/filing/0001213900-25-108750.json
- Plain text: https://secwatch.observer/filing/0001213900-25-108750.txt

## Key facts
- Equity Issuances
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/0001213900-25-108750-index.htm
- Governance Changes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/0001213900-25-108750-index.htm

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