Crown Reserve Acquisition Corp. I has reported its financial results for the quarter ending September 30, 2025, in its latest 10-Q filing. The company, which was incorporated on April 29, 2025, has not yet commenced principal operations and has generated minimal revenue. For the three months ended September 30, 2025, Crown Reserve reported a net income of $96, primarily from interest income, bringing the total net income for the period from inception to September 30, 2025, to $149. The company’s total assets as of September 30, 2025, amounted to $530,147, with current liabilities of $504,998, resulting in a shareholder's equity of $25,149.
Significant developments during this period include the completion of the company’s Initial Public Offering (IPO) on November 10, 2025, which raised gross proceeds of $172,500,000 from the sale of 17,250,000 units, including an over-allotment option fully exercised by underwriters. Each unit consists of one Class A ordinary share, one-half of a redeemable warrant, and one right to receive one-fifth of a Class A ordinary share upon the consummation of an initial business combination. Additionally, the company completed a private placement of 375,000 units to its sponsor, generating an additional $3,000,000.
Crown Reserve Acquisition Corp. I has reported a total of 17,250,000 Class A ordinary shares and 4,312,500 Class B ordinary shares outstanding as of November 14, 2025. The company is classified as a non-accelerated filer and an emerging growth company, which allows it to take advantage of certain exemptions from various reporting requirements. The company has also confirmed that it has filed all required reports under the Exchange Act and has submitted all necessary interactive data files electronically.
Looking ahead, the company plans to utilize the funds raised from the IPO and private placement to identify and evaluate potential business combination targets. The management has indicated that while they do not anticipate needing additional funds to meet operational expenditures, they may require further financing to complete a business combination or to address any significant redemptions of public shares. The company has until November 10, 2026, to complete its initial business combination, or it will be required to liquidate.
About Crown Reserve Acquisition Corp. I
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