Healthcare-focused Crown Reserve Acquisition Corp. I (CRACU) priced its SPAC IPO – 15 million units at $10.00 each – and raised $150 million on Thursday night, Nov. 6, 2025. Crown Reserve Acquisition Corp. I (CRACU) opened at $10.04 – up 4 cents from its SPAC IPO Price – at 10:20 a.m. EST today – Friday, Nov. 7, 2025 – on the NASDAQ. Volume was nearly 520,000.
Each unit consists of one share of common stock, one-half of one redeemable warrant, and one right to receive one-fifth (1/5) of one Class A ordinary share upon the consummation of the initial business combination, according to the prospectus.
Polaris, a division of Kingswood, was the sole underwriter.
Crown Reserve Acquisition Corp. I (CRACU) intends to focus on the pharmaceutical, medical technology, medical equipment and healthcare IT industries in its search for a target company, the prospectus said.
Chairman and CEO Prashant Patel is a registered pharmacist who serves on the board of Wellgistics Health (WGRX), which raised $4 million in its IPO in February 2025.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.comstaff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.