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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. 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
IPO underwriters
Kingswood
SPAC counsel (IPO)
Norton Rose Fulbright and Conyers Dill & Pearman
Underwriters' counsel (IPO)
Holland & Knight

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