{"url_path":"/sec/crac/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.","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. I"},"word_count":245,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.\n\n \n\nUnregistered Sales of Equity Securities\n\n \n\nThere were no unregistered sales of equity securities\nduring the three months ended March 31, 2026 that were not previously reported on a Current Report on Form 8-K.\n\n \n\nUse of Proceeds from the Initial Public Offering\n\n \n\nOn November 10, 2025, the Company consummated\nits IPO of 17,250,000 Units at $10.00 per Unit, generating gross proceeds of $172,500,000. Polaris Advisory Partners acted as the representative\nof the underwriters in the IPO. The securities sold in the IPO were registered under the Securities Act on a registration statement on\nForm S-1 (Registration No. 333-289717), which was declared effective on September 26, 2025. Simultaneously with the consummation of the\nIPO, the Company consummated the private placement of an aggregate of 375,000 Private Placement Units at $8.00 per unit (175,000 to the\nSponsor and 200,000 to Polaris) generating gross proceeds of $3,000,000. The issuances of the Private Placement Units were not registered\nunder the Securities Act in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act.\n\n \n\nOf the gross proceeds received from the IPO, the\nexercise of the over-allotment option, and the sale of the Private Placement Units, $172,500,000 was placed in the Trust Account. There\nhas been no material change in the planned use of proceeds from the IPO and the sale of the Private Placement Units as described in our\nfinal prospectus dated September 26, 2025."}