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Stock impact report

Crown Reserve SPAC to merge with Carvix in $1B deal [Seeking Alpha]

Crown Reserve Acquisition Corp. I - Class A Ordinary Shares (CRAC) 
Company Research Source: Seeking Alpha
The SPAC will redomicile to Delaware before closing, with the combined company remaining Nasdaq-listed. Crown Reserve aims to raise at least $80M via PIPE and secure a $20M equity line, with $10M minimum cash required at closing. Carvix shareholders may receive up to 50M earnout shares over four years tied to revenue and EBITDA targets. The post-merger board will have five members, with Carvix nominating the majority and management staying in place. Fresh Stock Ideas, Every Day More on Cal Redwood Acquisition Corp. Financial information for Cal Redwood Acquisition Corp. More Trending News Show less Read more
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