Crown Reserve Acquisition Corp I-A 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-42894 CROWN RESERVE ACQUISITION CORP. I(Exact name of registrant as specified in its charter) Cayman IslandsN/A(State or other jurisdiction of(I.R.S. Employer Conyers Trust Company (Cayman) LimitedPO Box 2681Grand Cayman KY1-1111, Cayman Islands(Address of principal executive offices, including zip code) (813) 501-3533(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Actduring the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the 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 Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer ☐Accelerated filer☒Smaller reporting companyEmerging growth company 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 May 14, 2026, there were 18,056,250 Class A ordinary shares, par value $0.0001 per share (consisting of 17,250,000 sharessubject to possible redemption and 806,250 shares not subject to redemption), and 4,312,500 Class B ordinary 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 MARCH 31, 2026 TABLE OF CONTENTS PagePART I — FINANCIAL INFORMATIONItem 1. CONDENSED FINANCIAL STATEMENTS (UNAUDITED)1Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20251Condensed Statement of Operations for the Three Months Ended March 31, 2026 (Unaudited)2Condensed Statement of Changes in Shareholders’ Deficit for the Three Months Ended March 31, 2026 (Unaudited)3Condensed Statement of Cash Flows for the Three Months Ended March 31, 2026 (Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item 3. Quantitative and Qualitative Disclosures About Market Risk22Item 4. Controls and Procedures22PART II — OTHER INFORMATIONItem 1. Legal Proceedings23Item 1A. Risk Factors23Item 2. Unregistered Sales of Equity Securities and Use of Proceeds24Item 3. Defaults Upon Senior Securities24Item 4. Mine Safety Disclosures24Item 5. Other Information24Item 6. Exhibits25SIGNATURES26 PART I — FINANCIAL INFORMATION CROWN RESERVE ACQUISITION CORP. ICONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT(Unaudited) ThreeMonthsEndedMarch 31,2026 CROWN RESERVE ACQUISITION CORP. INOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2026(Unaudited) Note 1 — Description of Organization and Business Operations Crown Reserve Acquisition Corp. I (the “Company”) was incorporated as a Cayman Islands exempted company on April 29, 2025.The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,reorganization or similar business combination with one or more businesses (the “Business Combination”). All activity for the period from April 29, 2025 (inception) through March 31, 2026 relates to the Company’s formation, the InitialPublic Offering (the “IPO”), and identifying a target company for the Business Combination, including the entry into the BusinessCombination Agreement described below. The Company will not generate any operating revenues until after the completion of itsinitial Business Combination, at the earliest. The Company generates non-operating income in the form of dividends earned onmarketable securities held in the Trust Account (as defined below). The Company’s sponsor is Crown Acquisition Sponsor LLC, a Delaware limited liability company (th