Westchester Capital Management Acquires 5.09% Stake in Crown Reserve Acquisition Corp. I

On May 15, 2026, Westchester Capital Management, LLC and Westchester Capital Partners, LLC filed a joint Schedule 13G disclosing a new passive ownership stake in Crown Reserve Acquisition Corp. I (CRAC). Westchester Capital Management reported beneficial ownership of 878,377 Class A ordinary shares, representing 5.09% of the shares outstanding based on 17,250,000 shares. Westchester Capital Partners reported a separate holding of 7,495 shares (0.04%). Westchester Capital Management serves as a sub-advisor to several funds, including The Merger Fund and various Virtus Westchester and JNL funds, which directly hold the shares. The reported shares include those held in the form of Units, which consist of one Class A ordinary share, one-half of a warrant, and one right. The filing indicates that the acquisition was made in the ordinary course of business without the intent to change or influence control of the issuer. This filing marks an increase from a previously reported 0% position to the current 5.09% threshold.