Norton Rose Fulbright advises Crown Reserve SPAC on US$172.5 million Initial Public Offering

Global law firm Norton Rose Fulbright represented Crown Reserve Acquisition Corp. I (Crown Reserve), a Special Purpose Acquisition Company, in connection with its Initial Public Offering (IPO), which raised US$172.5 million and closed on November 10, 2025.

The IPO consisted of 17.25 million units priced at US$10 per unit, including 2.25 million units sold pursuant to the full exercise of the underwriter's over-allotment option. The units began trading on the Nasdaq Global Market under the ticker symbol "CRACU" on November 7, 2025.

Crown Reserve's sponsor is Crown Acquisition Sponsor LLC, a Delaware LLC.

Norton Rose Fulbright's team was led by Lee McIntyre and Amelia Zhang (Houston) and included Scott Saks (New York), Danielle Bodunrin and Alexia Thomas (Houston).