PART I — FINANCIAL INFORMATION

Item 1. Condensed Financial Statements.

CROWN RESERVE ACQUISITION CORP. I

CONDENSED BALANCE SHEETS

(Unaudited)

March 31,

December 31,

(unaudited)

Current assets:

Due from related party

Prepaid expenses

Cash and marketable securities held in Trust Account

LIABILITIES AND SHAREHOLDERS’ DEFICIT

Current liabilities:

Accounts payable and accrued expenses

Warrant liability

Deferred underwriting fee payable

Commitments and contingencies

Class A ordinary shares subject to possible redemption, 17,250,000 shares at redemption value of $10.00 per share

Shareholders’ deficit:

Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding

Class A ordinary shares, $0.0001 par value; 300,000,000 shares authorized; 806,250 issued and outstanding (excluding 17,250,000 subject to possible redemption) as of both March 31, 2026 and December 31, 2025

Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 4,312,500 shares issued and outstanding as of both March 31, 2026 and December 31, 2025

Accumulated deficit

Total shareholders’ deficit

Total liabilities and shareholders’ deficit

The accompanying notes are an integral part of these unaudited condensed financial statements.

CROWN RESERVE ACQUISITION CORP. I

CONDENSED STATEMENT OF OPERATIONS

(Unaudited)

Three MonthsEnded

March 31,

General and administrative costs

Professional fees

Loss from operations

Other income:

Change in fair value of warrant liability

Dividends earned on marketable securities held in Trust Account