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SPAC · Deal announced · CRACU

Crown Reserve Acquisition Corp. I

Business combination with Carvix, Inc.

Crown Reserve Acquisition Corp. I (CRACU) is a blank-check company (SPAC) that raised $150M in its initial public offering on Nov 6, 2025, listing on Nasdaq. It agreed to combine with Carvix, Inc., announced on Mar 30, 2026, at a stated value of $1B. The deal has not closed yet. Kingswood led the IPO. Norton Rose Fulbright advised the SPAC and Holland & Knight advised the underwriters on the IPO.

Dealer-licensed vehicle business (details not stated in text read)

Status
Deal announced
Ticker
CRACU
IPO date
Nov 6, 2025
IPO size
$150M
IPO exchange
Nasdaq
Target
Carvix, Inc.
Target sector
Consumer
Announced
Mar 30, 2026
Stated deal value
$1B
IPO underwriters
Kingswood
SPAC counsel (IPO)
Norton Rose Fulbright and Conyers Dill & Pearman
Underwriters' counsel (IPO)
Holland & Knight

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