Crown Reserve Acquisition Corp. I (CRAC) Form 8-K — Aug 26, 2026
Crown Reserve Acquisition Corp. I (Nasdaq: CRAC) filed an 8-K disclosing a First Amendment, dated August 26, 2026, to its Business Combination Agreement with Carvix, Inc. and CRAC Merger Sub Inc., which was originally entered into on March 30, 2026. The amendment rewrites Section 5.04 of the agreement to conform the SPAC's shareholder voting thresholds to its Cayman constitutional documents.
Key figures
- Rights Ratio
- each right entitles the holder to 0.20 of one Class A ordinary share upon consummation of the business combination
- Original Bca Date
- March 30, 2026
- Warrant Exercise Price
- $11.50 per whole warrant
- Executive Salaries Year1
- Amir Azarpad $500,000; Ramin Farahmand $500,000; Gabriela Farahmand $250,000; Carlos M. Hernandez $300,000
- Executive Salaries Year2
- Amir Azarpad $700,000; Ramin Farahmand $700,000; Gabriela Farahmand $325,000; Carlos M. Hernandez $400,000
- Executive Salaries Year3
- Amir Azarpad $900,000; Ramin Farahmand $900,000; Gabriela Farahmand $425,000; Carlos M. Hernandez $525,000
- Directors To Elect At Closing
- 5
- Special Resolution Threshold
- not less than two-thirds of Class B ordinary shares present and voting
- Ordinary Resolution Threshold
- simple majority of Class A and Class B ordinary shares voting together as a single class
Price after filing
1 day: 0.0%7 days: 0.0%30 days: +0.6%
Close on the filing date to close N calendar days later (from $10.18). Historical, not a forecast.
AI analysis
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