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)
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