Stocks/CRAC

CRAC

Crown Reserve Acquisition Corp. I
Financial Services·Shell Companies
$10.11
$183M market cap
Revenue
$0.0M
Free Cash Flow
$-0.3M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

A blank‑check SPAC (Special Purpose Acquisition Company), incorporated in the Cayman Islands on April 29, 2025, aiming to complete a merger or acquisition in healthcare-related sectors such as pharmaceuticals, med-tech, medical equipment, or healthcare IT

2-Year Price History

$10.10+0.9%
$9.9$10.0$10$10volMay 25Jan 26Jan 26Feb 26Mar 26Apr 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q10.0-0.2-0.2-0.3-0.2-0.2-0.0174.90.021.6-1.3%----
Act2025-Q40.0-0.2-0.21.4-0.0-0.0-0.00.00.022.4-0.9%----

Valuation & Metrics

Market Stats

Price$10.11
Market Cap$183M
Enterprise Value$8M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.1%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$0.0M
Net Income$1.1M
Free Cash Flow$-0.3M

Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-1.1%
WC Change % Rev0.0%
Interest Coverage--

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-74.7%
Need at least 2 settlement dates for chart

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
11.3%(-8.0% YoY)
8 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2025-122026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
LMR Partners LLP$7.6M$9.94+$0+$7.6M-2.0%$8.84B
TORONTO DOMINION BANK$5.5M$9.94−$20K+$5.5M-0.3%$51.72B
Westchester Capital Management, LLC$2.5M$9.94+$0+$2.5M-4.4%$2.07B
GABELLI SECURITIES, INC.$1.6M$9.94+$0+$1.6M-1.1%$674M
GABELLI FUNDS LLC$1.4M$9.94+$0+$1.4M-0.2%$14.68B
Clear Street Group Inc.$629K$9.97+$246K+$629K-7.5%$17.82B
HRT FINANCIAL LP$254K$9.94+$0+$254K-0.6%$39.46B
Lineage Point Capital LP$108K$9.94+$0+$108K+5.2%$409M
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-1.73%
avg per quarter
Holders (ex-self)
-1.73%
excl. this stock
Buyers (this Q)
-7.48%
2 buyers · $0.00B in
Sellers (this Q)
-0.28%
1 sellers · $-0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-14.3%
how holders react when this stock falls
On quiet Qs
+0.7%
−10% to +10% baseline
On rallies (+10%+)
-15.0%
how they react when this stock rises
Holders' portfolio flow this Q
-1.8%
outflows — trims may be forced
Sellers' portfolio flow this Q
-7.9%
Sellers shed AUM broadly — partly forced.

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

0802K1.6M2.4M3.2M$9.94$9.96$9.97$9.99$102025-122026-03
hover the chart for per-quarter detailprice (right axis)
LMR Partners LLP750KTORONTO DOMINION BANK545KWOLVERINE ASSET MANAGEMENT LLCAQR Arbitrage LLCRIVERNORTH CAPITAL MANAGEMENT, LLCWestchester Capital Management, LLC250KBNP PARIBAS FINANCIAL MARKETSGABELLI SECURITIES, INC.153KGABELLI FUNDS LLC139KSchonfeld Strategic Advisors LLC

Corporate

Order Flow (FINRA, ~3w lag)

32.7%retail+6.1pp
8.5%dark+27.4pp
week of 2026-04-13
0%20%40%60%80%100%25-1225-1226-0126-0226-0326-0326-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

CROWN RESERVE ACQUISITION CORP. I: A Cayman-Cased Shell Running on Sponsor Life Support and Public Dilution

Overall Risk
7/10
Fraud
2/10
Dilution
9/10
Insolvency
3/10
Earnings Overstated
1/10
Hidden Liabilities
4/10
Legal
4/10
Audit Warnings
5/10
Hidden Upside
2/10
Contextually Acceptable
8/10