Crown Reserve Files for $150M Initial Public Offering

Dow Jones

05-31

By Katherine Hamilton

Blank-check company Crown Reserve Acquisition Corp. I filed for an initial public offering with a value up to $150 million.

The company said Friday it is planning to offer 15 million units at $10 apiece. The units consist of one share and the right to receive one-seventh of a share upon consummation of an initial business combination.

It plans to trade on Nasdaq under the symbol CRAC.

Crown Reserve was incorporated in April 2025 as a Cayman Islands exempted company. Its chair and chief executive is Prashant Patel, a registered pharmacist who previously started several startups in the pharmacy industry and currently serves on the board of Eulogistic Health.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 30, 2025 16:18 ET (20:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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I filed for an initial public offering with a value up to $150 million. \n</p>\n<p>\n  The company said Friday it is planning to offer 15 million units at $10 apiece. The units consist of one share and the right to receive one-seventh of a share upon consummation of an initial business combination. \n</p>\n<p>\n  It plans to trade on Nasdaq under the symbol CRAC. \n</p>\n<p>\n  Crown Reserve was incorporated in April 2025 as a Cayman Islands exempted company. 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I filed for an initial public offering with a value up to $150 million. \n\n\n  The company said Friday it is planning to offer 15 million units at $10 apiece. The units consist of one share and the right to receive one-seventh of a share upon consummation of an initial business combination. \n\n\n  It plans to trade on Nasdaq under the symbol CRAC. \n\n\n  Crown Reserve was incorporated in April 2025 as a Cayman Islands exempted company. Its chair and chief executive is Prashant Patel, a registered pharmacist who previously started several startups in the pharmacy industry and currently serves on the board of Eulogistic Health. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 30, 2025 16:18 ET (20:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}