---
title: "Crown Reserve Acquisition I - Unit | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280848202.md"
datetime: "2026-03-27T21:16:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280848202.md)
  - [en](https://longbridge.com/en/news/280848202.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280848202.md)
---

# Crown Reserve Acquisition I - Unit | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD 0.14.

EBIT: As of FY2025, the actual value is USD -126.75 K.

Crown Reserve Acquisition Corp. I operates as a single segment and has not generated any operating revenues to date, focusing its activities on organizational efforts and identifying a target company for a Business Combination.

#### Operational Metrics

-   **Net Income**: The company reported a net income of $1,129,754 for the period from April 29, 2025 (inception) through December 31, 2025.
-   **Loss from Operations**: The loss from operations for the period was - $126,601.
-   **General and Administrative Costs**: Totaled $126,601 for the period, which includes $16,667 in monthly administrative services fees incurred from April 29, 2025 (inception) through December 31, 2025, payable to the Sponsor at $10,000 per month.
-   **Other Income**: Total other income was $1,256,355, comprising a $352,368 gain on change in fair value of warrant liability and $903,838 in dividends earned on marketable securities held in the Trust Account.
-   **Warrant Liability**: The fair value of the Public Warrant liability decreased from $1,771,434 at the IPO date (November 10, 2025) to $1,419,066 as of December 31, 2025, resulting in a gain on change in fair value of $352,368.
-   **Public Rights Valuation**: The fair value of Public Rights was $8,242,050 at the IPO date, recorded within additional paid-in capital.
-   **Net Income Per Ordinary Share**: Basic and diluted net income per share for both Class A and Class B ordinary shares was $0.14.

#### Cash Flow

-   **Net Cash Used in Operating Activities**: Net cash used in operating activities was - $24,785 for the period from April 29, 2025 (inception) through December 31, 2025.
-   **Cash Deposited into Trust Account**: - $172,500,000 was deposited into the Trust Account.
-   **Net Cash Provided by Financing Activities**: Net cash provided by financing activities amounted to $172,524,785.
-   **Net Change in Cash and Cash Equivalents**: The net change in cash and cash equivalents was $0.

#### Unique Metrics

-   **Trust Account Balance**: As of December 31, 2025, the Trust Account held $173,403,838, which included $903,838 of dividends earned on trust investments.
-   **Deferred Underwriting Fee**: A deferred underwriting commission of $300,000 is payable to Polaris Advisory Partners upon consummation of a Business Combination.
-   **Working Capital**: As of December 31, 2025, the company had a working capital deficit, funded entirely by the Sponsor, with no cash held outside the Trust Account.
-   **Due from Related Party**: As of December 31, 2025, the company had a receivable of $448,082 due from the Sponsor.

#### Outlook / Guidance

Crown Reserve Acquisition Corp. I anticipates incurring significant costs in pursuit of its acquisition plans and does not expect to generate operating revenues until a Business Combination is completed. There is substantial doubt about the company’s ability to continue as a going concern through November 10, 2026, or February 10, 2027 if extended, due to the mandatory liquidation date if a Business Combination is not consummated and potential for insufficient liquidity. The company continues its search for a suitable Business Combination target, with the initial Combination Period expiring on November 10, 2026, extendable upon executing a definitive agreement.

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