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CRAC amends Carvix BCA on vote thresholds, Class B-only items, exec pay floors

2026-08-26 · Crown Reserve Acquisition Corp. I

CRAC, Merger Sub and Carvix entered a First Amendment to the March 30, 2026 Business Combination Agreement. Section 5.04 was restated to match the Cayman constitutional documents: BC, Nasdaq, incentive, advisory org-docs and adjournment need an ordinary resolution of Class A and B voting together; domestication and org-docs need a Class B special resolution (two-thirds), with Class A having no vote; director election is Class B ordinary only. Advisory org-docs proposals are non-binding and not a closing condition. Carvix exec employment agreements may use Annex A base-salary floors and still satisfy 8.02(e); the Carvix Disclosure Schedule is otherwise unchanged. BCA remains in force except as amended. Path-to-close vote mechanics and a pay-related closing condition clarified; no change to deal economics, redemptions, or trust cash.

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