---
title: "Crown Reserve Acquisition I | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286632296.md"
datetime: "2026-05-16T04:01:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286632296.md)
  - [en](https://longbridge.com/en/news/286632296.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286632296.md)
---

# Crown Reserve Acquisition I | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD -0.01.

EBIT: As of FY2026 Q1, the actual value is USD -1.709 M.

Crown Reserve Acquisition Corp. I has not engaged in any principal operations nor generated any revenues to date, as its activities since inception have been organizational, preparing for the IPO, and identifying a target company for a Business Combination. The company will not generate any operating revenues until after the completion of its Business Combination. It generates non-operating income from dividends earned on investments held in the Trust Account and recognizes changes in the fair value of its warrant liability each reporting period.

#### Operational Metrics (Three Months Ended March 31, 2026)

-   **Net Loss**: - $263,493.
-   **General and administrative costs**: $68,837.
-   **Professional fees**: $115,000.
-   **Loss on the change in fair value of warrant liability**: - $1,604,397.
-   **Dividends earned on marketable securities held in Trust Account**: $1,524,741.

#### Cash Flow (Three Months Ended March 31, 2026)

-   **Net cash used in operating activities**: - $237,412.
-   **Net cash provided by financing activities**: $237,412.

#### Balance Sheet Highlights (as of March 31, 2026)

-   **Investments held in Trust Account**: $174,928,579.
-   **Due from related party**: $210,670, decreased from $448,082 as of December 31, 2025.
-   **Cash outside Trust Account**: $0.
-   **Working capital deficit**: Present.

#### Strategic Summary and Outlook

Crown Reserve Acquisition Corp. I was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, intending to use cash from the Trust Account, shares, debt, or a combination thereof. On March 30, 2026, the company entered into a Business Combination Agreement with Carvix, Inc., with an Outside Date for consummation of September 30, 2026. The company anticipates incurring significant costs in pursuing its Business Combination plans, and while management does not believe additional funds will be needed for operations prior to the Business Combination, there is a possibility of needing additional financing to complete the Business Combination or due to significant share redemptions. The mandatory liquidation date, if a Business Combination does not occur by February 10, 2027, raises substantial doubt about the company’s ability to continue as a going concern.

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