Crown PropTech Acquisitions

Crown PropTech Acquisitions is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), incorporated in the Cayman Islands on September 24, 2020. The company's sole purpose is to complete a business combination, such as a merger, share exchange, or asset acquisition, with one or more businesses. It is not restricted to a specific industry or sector for this combination. As of December 31, 2025, Crown PropTech Acquisitions had not begun any operations and had not generated any operating revenues. All activities for the year ended December 31, 2025, related to its formation, its Initial Public Offering, and the subsequent search for a prospective business combination. The company generates non-operating income from interest earned on the proceeds from its Initial Public Offering. The sponsors of Crown PropTech Acquisitions are Crown PropTech Sponsor, LLC and CIIG Management III LLC, both Delaware limited liability companies. The company's Initial Public Offering was declared effective on February 8, 2021. On February 11, 2021, the company completed its Initial Public Offering, selling 27,600,000 units at $10.00 per unit, which included 3,600,000 units purchased by underwriters through their over-allotment option. This generated gross proceeds of $276,000,000. Offering costs totaled approximately $15,710,090, comprising $5,520,000 in underwriting commissions, approximately $9,660,000 in deferred underwriting commissions, and $530,090 in other offering costs.