secwatch.observer — SEC 8-K summary
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Issuer:     Crown Reserve Acquisition Corp. I (CRAC)
CIK:        0002070887
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001213900-25-108750
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/0001213900-25-108750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/ea0264850-8k_crown1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-108750

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer