{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-038670","form_type":"8-K","ticker":"CRAC","cik":"0002070887","company_name":"Crown Reserve Acquisition Corp. I","filed_at":"2026-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.470389+00:00","generated_at":"2026-05-15T07:53:50.169713+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Crown Reserve SPAC announces $1.0B business combination with Carvix","bullets":["Transaction values Carvix at $1.0B implied enterprise value; all-stock at $10.00/share reference price.","Minimum $80M PIPE plus $20M committed equity line; requires $10M cash post-redemptions at close.","Carvix stockholders eligible for up to 50M earnout shares tied to revenue and EBITDA targets through 2030.","Post-closing board: 5 members (4 from Carvix, 1 from Sponsor); Carvix management to continue leading.","Closing conditions include shareholder approvals, SEC S-4 effectiveness, Nasdaq listing; target by Sep 30, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-038670","json":"https://secwatch.observer/filing/0001213900-26-038670.json","markdown":"https://secwatch.observer/filing/0001213900-26-038670.md","text":"https://secwatch.observer/filing/0001213900-26-038670.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2070887/000121390026038670/0001213900-26-038670-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2070887/000121390026038670/ea0284699-8k_crown.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:53:50.169713+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}