{"url_path":"/sec/crac/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2070887/0001213900-26-056978-index.html","accession_number":"0001213900-26-056978","cik":"0002070887","ticker":"CRAC","issuer_name":"Crown Reserve Acquisition Corp. I","edgar_url":"https://www.sec.gov/Archives/edgar/data/2070887/0001213900-26-056978-index.html","primary_entity_key":"0002070887","primary_entity_name":"Crown Reserve Acquisition Corp. 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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nFORM 10-Q\n\n \n\n(Mark One)\n\n \n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended March 31, 2026\n\n \n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from ____________\nto ____________\n\n \n\nCommission File Number: 001-42894\n\n \n\nCROWN RESERVE ACQUISITION CORP. I\n\n(Exact name of registrant as specified in its charter)\n\n \n\nCayman Islands N/A\n\n(State or other jurisdiction of\n\nincorporation or\norganization)\n \n(I.R.S. Employer\n\nIdentification No.)\n\n \n\nConyers Trust Company (Cayman) Limited\n\nPO Box 2681\n\nGrand Cayman KY1-1111, Cayman Islands\n\n(Address of principal executive offices, including\nzip code)\n\n \n\n(813) 501-3533\n\n(Registrant’s telephone number, including\narea code)\n\n \n\nNot Applicable\n\n(Former name, former address and former fiscal\nyear, if changed since last report)\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of Each Class\n \nTrading Symbol(s)\n \nName of Each Exchange on Which Registered\n\nUnits, each consisting of one Class A ordinary share, one-half of one redeemable warrant, and one right CRACU The Nasdaq Stock Market LLC\n\nClass A ordinary shares, par value $0.0001 per share CRAC The Nasdaq Stock Market LLC\n\nRedeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share CRACW The Nasdaq Stock Market LLC\n\nRights, each right entitles the holder to receive 0.20 of one Class A ordinary share upon consummation of a Business Combination CRACR The Nasdaq Stock Market LLC\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant\nis a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.\nSee definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and\n“emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n☐\nAccelerated filer\n☐\n\nNon-accelerated filer☒Smaller reporting company☒\n\n  Emerging growth company☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ☐\n\n \n\nAs of May 14, 2026, there were 18,056,250 Class A ordinary shares, par value $0.0001 per share (consisting of 17,250,000 shares subject to possible redemption and 806,250 shares not subject to redemption), and 4,312,500 Class B ordinary shares, par value $0.0001 per share, of the registrant issued and outstanding.\n\n \n\n \n\n \n\n \n\n \n\nCROWN RESERVE ACQUISITION CORP. I\n\n \n\nFORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026\n\n \n\nTABLE OF CONTENTS\n\n  \n\n \n \nPage\n\n[PART I — FINANCIAL INFORMATION](#a_001)\n \n \n\n[Item 1. CONDENSED FINANCIAL STATEMENTS (UNAUDITED)](#a_002)\n \n1\n\n[Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#a_003)\n \n1\n\n[Condensed Statement of Operations for the Three Months Ended March 31, 2026 (Unaudited)](#a_004)\n \n2\n\n[Condensed Statement of Changes in Shareholders’ Deficit for the Three Months Ended March 31, 2026 (Unaudited)](#a_005)\n \n3\n\n[Condensed Statement of Cash Flows for the Three Months Ended March 31, 2026 (Unaudited)](#a_006)\n \n4\n\n[Notes to Condensed Financial Statements (Unaudited)](#a_007)\n \n5\n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_008)\n \n19\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#a_009)\n \n22\n\n[Item 4. Controls and Procedures](#a_010)\n \n22\n\n[PART II — OTHER INFORMATION](#a_011)\n \n \n\n[Item 1. Legal Proceedings](#a_012)\n \n23\n\n[Item 1A. Risk Factors](#a_013)\n \n23\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#a_014)\n \n24\n\n[Item 3. Defaults Upon Senior Securities](#a_015)\n \n24\n\n[Item 4. Mine Safety Disclosures](#a_016)\n \n24\n\n[Item 5. Other Information](#a_017)\n \n24\n\n[Item 6. Exhibits](#a_018)\n \n25\n\n[SIGNATURES](#a_019)\n \n26\n\n \n\ni\n\n \n\nPART I — FINANCIAL INFORMATION"}