Nov 2025
Conyers has advised Crown Reserve Acquisition Corp. I (“Crown Reserve”), a special purpose acquisition company (“SPAC”), on its initial public offering (“IPO”), which raised US$172.5 million and closed on 10 November 2025.
The IPO comprised 17.25 million units priced at US$10.00 per unit, including 2.25 million units sold pursuant to the full exercise of the underwriter’s over-allotment option. The units began trading on the Nasdaq Global Market under the ticker symbol “CRACU” on 7 November 2025.
Partner Alex Davies, Counsel Matthew Harkness, Senior Associate Caroline Dekker and Associate Daniel Cannon of Conyers’ Cayman office advised Crown Reserve on the Cayman Islands legal and regulatory aspects of the IPO, working alongside Norton Rose Fullbright US LLP as lead legal advisor to Crown Reserve.