Crown Reserve Acquisition Corp. I (NASDAQ:CRACU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CRACU”, Friday, November 7, 2025.

The new SPAC plans to combine with a company in the pharma, medical technology and medical equipment, and healthcare IT industries.

Lake Superior’s sponsor team is led by Chief Executive Officer and Chairman Prashant Patel and Chief Financial Officer Eric Sherb. Michael L. Peterson, Donald G. Fell, Avinash Wadhwani, and Mayur Doshi will serve on its Board of Directors.

Total SPAC deal count for 2025 year-to-date is now 115. This offering is expected to close on Monday, November 10, 2025.

Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, is acting as the sole book-running manager for the offering. Thunder Rock Capital, LLC, a division of Finalis Securities LLC, acted as an advisor to the Company’s management team. Norton Rose Fulbright is serving as Issuer’s Counsel with Holland & Knight LLP serving as Underwriter’s Counsel. RBSM, LLP serves as auditor. Equiniti Trust Company, LLC is acting as trustee.