Crown Reserve Acquisition Corp I-A 2025年季度报告

FORM10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter endedSeptember 30,2025 Commission file number:001-42894 CROWN RESERVE ACQUISITION CORP. I(Exact Name of Registrant as Specified in Its Charter) Not Applicable(Former name, former address and former fiscal year, if changed since last report) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of November 14, 2025, there were17,250,000Class A Ordinary Shares, par value $0.0001 per share, and4,312,500Class BOrdinary Shares, par value $0.0001 per share, of the registrant issued and outstanding. CROWN RESERVE ACQUISITION CORP. I FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2025TABLE OF CONTENTS PagePart I. Financial InformationItem 1. Condensed Financial Statements (Unaudited)1Condensed Balance Sheet as of September 30, 2025 (Unaudited)1Condensed Statements of Operations for the Three Months Ended September 30, 2025 and for the Period from April29, 2025 (Inception) through September 30, 2025 (Unaudited)2Condensed Statements of Changes in Shareholder's Equity for Three Months Ended September 30, 2025 and for thePeriod from April 29, 2025 (Inception) through September 30, 2025 (Unaudited)3Condensed Statement of Cash Flows for the Period from April 29, 2025 (Inception) through September 30, 2025(Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk24Item 4. Controls and Procedures24Part II. Other InformationItem 1. Legal Proceedings25Item 1A. Risk Factors25Item 2. Unregistered Sales of Equity Securities and Use of Proceeds25Item 3. Defaults Upon Senior Securities25Item 4. Mine Safety Disclosures25Item 5. Other Information26Item 6. Exhibits26Part III. Signatures27 PART I - FINANCIAL INFORMATION CROWN RESERVE ACQUISITION CORP. ICONDENSED BALANCE SHEETSEPTEMBER 30, 2025(UNAUDITED) LIABILITIES AND SHAREHOLDER’S EQUITYCurrent liabilities: Commitments and contingencies Shareholder’s equity:Preferred shares, $0.0001par value;5,000,000shares authorized;noneissued or outstanding as of September 30,2025-ClassA ordinary shares, $0.0001par value;300,000,000shares authorized;noneissued or outstanding as ofSeptember 30, 2025-Class B ordinary shares, $0.0001par value;50,000,000shares authorized;4,312,500shares issued and outstandingas of September 30, 2025 (1)431Additional paid-in capital24,569Accumulated deficit149Total shareholder’s equity25,149Total liabilities and shareholder’s equity$530,147 (1)This number includes an aggregate of up to 562,500 ClassB ordinary shares subject to forfeiture if the over-allotmentoption isnot exercised in full or in part by the underwriter (see Note4). On November 10, 2025, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 562,500 Class B ordinary shares are nolonger subject to forfeiture. The accompanying notes are an integral part of the unaudited condensed financial statements. CROWN RESERVE ACQUISITION CORP. ICONDENSED STATEMENTS OF OPERATIONSFOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND FOR THEPERIOD FROM APRIL 29, 2025 (INCEPTION) TO SEPTEMBER 30, 2025(UNAUDITED) ThreeMonthsEndedSeptember30,2025For thePeriod fromApril 29,2025(Inception)toSeptember30,2025 (1)This number includes an aggregate of up to 562,500 Class B ordinary shares subject to forfeiture if the over-allotment option isnot exercised in full or in part by the underwriter (see Note 4). On November 10, 2025, the underwriters exercised their over-allotment option in full as p