Crown PropTech Acquisitions

crownproptech.com

What Do They Do?

Seeks to combine with a business through a merger, acquisition or similar transaction, without a specific industry focus.

How Do They Make Money?

It earns interest on IPO proceeds invested in government securities or money-market funds; it expects no operating revenue until a business combination is completed.

FY2023 revenue

Do Revenues Turn Into Profits?

Yes. It kept 16 cents of every revenue dollar as net income in FY2023.

Operating income, FY2023

−63% of revenue

▼ −50% (Loss) vs FY2022 (−$4.2M, −106%)

Net income, FY2023

16% of revenue

▼ −96% vs FY2022 ($14.8M, 371%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Net income: ▲ +69% (Loss); vs −$1.2M in Q2 FY2025

Sep 3, 2026 Crown and Mkango restated their proposed business combination agreement The restated agreement consolidated earlier amendments and clarified the order of certain share adjustments and issuances.
May 21, 2026 Crown and Mkango amended their proposed business combination terms The amendment changed exchange-ratio and share-issuance provisions and made a debt-to-equity exchange a condition to closing.

Target focus The older report described a focus on acquiring real-estate technology businesses; the latest removes that sector limit and proposes a combination involving Mkango's rare-earth projects.

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