OUR TEAM
A unique mix of talents and experiences in SPACs, private equity, M&A and capital markets.
A multi-disciplinary team with a track record of investments and acquisitions in different asset
classes, sectors and geographic areas. The team has extensive experience in evaluating, negotiating, and structuring direct investments globally across all parts of the capital structure, in public and private markets.
SEC FILINGS
SEC filings are formal documents submitted to the U.S. Securities and Exchange Commission (SEC) by public companies, SPACs, and other entities comply with regulatory requirements. These filings ensure transparency and provide investors with accurate, timely information about the company’s financial and operational status.
Crown Acquisitions Corp. Announces $150 Million Initial Public Offering
Crown Acquisitions Corp. (Nasdaq: CRACU, CRAC, CRACW) has announced the launch of its initial public offering of $150 million, with underwriters granted a 15% over-allotment option. The offering consists of 15,000,000 units at $10.00 per unit. Each unit is comprised of one share of Class A common stock and one-fifth of a right, with each full right exercisable for one share of Class A common stock.
The company’s sponsor will purchase $3,750,000 of units, with the investment increasing proportionately should the over-allotment option be fully exercised. All proceeds from the offering will be placed into a trust account, ensuring $10.00 per unit is safeguarded for investors, with an investment horizon of 18 months.
As part of the structure, investors will benefit from rights that convert into Class A common stock, expiring five years after the completion of the company’s initial business combination (IBC). The sponsor will hold a 20% promote and will be subject to a six-month lock-up period post-IBC. An early release from lock-up will be permitted if the stock trades at or above $12.00 for 20 trading days within any 30-trading day period, commencing no earlier than 150 days after the IBC.
Kingswood will act as the sole book runner for the transaction. Crown Acquisitions intends to deploy the proceeds toward acquiring operating businesses or assets across the pharmaceutical, MedTech, healthcare IT, and other general cash flow industries. The offering is anticipated to close in June 2025.
GOVERNANCE
The Board of Directors (the “Board”) of Crown Reserve Acquisition Corp. I (the “Company”) has adopted this code of ethics (this “Code”), which is applicable to all directors, officers, and employees (to the extent that employees are
hired in the future) (each a “person,” as used herein) of the Company, with the intent to.
