Crown Reserve Acquisition Corp. I amended its Carvix Business combination agreement on August 26, 2026, clarifying exactly which Shareholder votes need simple-majority versus two-thirds approval. Voting rights themselves are unchanged, giving investors a clearer roadmap for how the pending Carvix Merger will be approved.

Key Highlights

  • Annex A to the amendment locks in minimum annualized base salaries for named Carvix executives, tied to satisfying a condition under the Carvix disclosure schedule.
  • Crown Reserve Acquisition Corp. I revised voting mechanics for its merger with Carvix, Inc. on August 26, 2026, without changing shareholders' actual voting rights.
  • Class A shareholders hold no vote on the two items subject to the revised mechanics, consistent with the company's constitutional documents.
  • The amendment attaches Annex A establishing floor levels for annualized base salaries of specified Carvix executives, with annual bonuses calculated as a percentage of those salary figures.

Crown Reserve Acquisition Corp. I has revised the legal mechanics governing how shareholders will vote on its pending merger with Carvix, Inc. without altering anyone's actual voting rights. The change, executed August 26, 2026, updates the business combination agreement originally signed March 30, 2026, among Crown Reserve, its merger Subsidiary CRAC Merger Sub Inc. and Carvix.

Class A shareholders hold no vote on those two items, consistent with Article 49.2 of Crown Reserve's constitutional documents.

Executive Pay Terms Locked Into Annex A

Separately, the amendment attaches an Annex A setting floor levels for annualized base salaries owed to specified Carvix executives under future employment agreements. Annual Bonus opportunities for those executives will be calculated as a percentage of the Annex A salary figures. The amendment does not modify the Carvix disclosure schedule itself, and every other provision of the original agreement stays in force unless the amendment expressly overrides it.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/2070887/000121390026094001/ea0303505-8k425_crown1.htm