secwatch.observer — SEC 8-K summary
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Issuer:     Crown Electrokinetics Corp. (—)
CIK:        0001761696
Form:       8-K
Filed at:   2023-01-04T23:59:59+00:00
Accession:  0001213900-23-000677
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Electrokinetics acquires Amerigen 7, gains $67M Charter PO, eyes $30M revenue in 2023
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- Acquired Amerigen 7 (renamed Crown Fiber Optics) for $645K cash plus assumed liabilities.
- Includes a $67M purchase order from Charter Communications for fiber-optic build in Ohio.
- Guides Crown Fiber Optics to generate ~$30M revenue and ~$10M EBITDA in 2023.
- Raised $1.2M via senior secured notes (20% OID, zero interest, 3-month maturity) and 2.5M warrants at $0.322/share.
- Warrants exercisable for 5 years at $0.322; company grants registration rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761696/000121390023000677/0001213900-23-000677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761696/000121390023000677/ea171181-8k_crownelectro.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-000677

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