---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-040025"
form_type: "8-K"
ticker: "CRAC"
cik: "0002070887"
company_name: "Crown Reserve Acquisition Corp. I"
filed_at: "2026-04-03T23:59:59+00:00"
generated_at: "2026-05-15T07:43:44.740786+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crown Reserve (CRAC) enters definitive business combination with Carvix

## Summary
- SPAC merges with Carvix via domestication to Delaware; Carvix management team continues leading combined company.
- Carvix stockholders receive 50,000,001 shares at closing and up to 50,000,100 earnout shares tied to EBITDA and revenue targets.
- Sponsor may earn up to 3,000,000 additional shares over three years based on annual milestones.
- Post-closing board: five members, four nominated by Carvix (including one independent approved by Sponsor) and one by Sponsor.
- Conditions include SPAC stockholder approval, effective S-4, Nasdaq listing, and minimum cash; outside date September 30, 2026.

## SEC filing metadata
- accession: 0001213900-26-040025
- form_type: 8-K
- ticker: CRAC
- cik: 0002070887
- company_name: Crown Reserve Acquisition Corp. I
- filed_at: 2026-04-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2070887/000121390026040025/0001213900-26-040025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2070887/000121390026040025/ea0285115-8k425_crown1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-040025
- JSON: https://secwatch.observer/filing/0001213900-26-040025.json
- Plain text: https://secwatch.observer/filing/0001213900-26-040025.txt

## Source-grounded claims
- claim_id: e999559df0deee9af40af4ff7f3c1bb43a93602d
  claim: Crown Reserve Acquisition Corp. I entered into Business Combination Agreement with Carvix, Inc. (effective 2026-03-30).
  evidence_excerpt: On March 30, 2026, Crown Reserve Acquisition Corp. I, a Cayman Islands exempted company (“SPAC” or the “Company”), CRAC Merger Sub Inc., a Delaware corporation and a wholly owned direct subsidiary of SPAC (“Merger Sub”), and Carvix, Inc., a Delaware corporation (“Carvix”), entered into a Business Combination Agreement (the “Business Combination Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2070887/000121390026040025/0001213900-26-040025-index.htm

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