{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-007769","form_type":"8-K","ticker":null,"cik":"0001761696","company_name":"Crown Electrokinetics Corp.","filed_at":"2023-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.450017+00:00","generated_at":"2026-06-20T01:12:26.373329+00:00","sec_items":["1.01","5.03","2.03","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Crown Electrokinetics secures up to $100M line of credit, draws $2M at $0.50 convertible","bullets":["Line of credit up to $100M; initial $2M draw at 0% interest, convertible into common at $0.50/share.","Issued 5,000 shares of Series E preferred (1,000:1 common conversion) and warrant for 45,000 Series E shares.","Series D preferred conversion price amended from $1.30 to $0.50.","Company expects acquired fiber/DAS business (Amerigen 7) to add $30M revenue and $10M EBITDA in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-007769","json":"https://secwatch.observer/filing/0001213900-23-007769.json","markdown":"https://secwatch.observer/filing/0001213900-23-007769.md","text":"https://secwatch.observer/filing/0001213900-23-007769.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/0001213900-23-007769-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/ea172397-8k_crownelect.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T01:12:26.373329+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d5db6ba9e77e392bfdfe42f805183e050b8c2294","claim":"Crown Electrokinetics Corp.: Amended the conversion price of Series D Preferred Stock from $1.30 to $0.50 (effective 2023-02-01).","evidence_excerpt":"On February 1, 2023, the Company filed Amendment No. 1 to the Certificate of Designations, Preferences and Rights of its Series D Preferred Stock (as amended, the “ Series D COD ”). The amendment amends the conversion price of the Company’s Series D Preferred Stock from $1.30 to $0.50.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/0001213900-23-007769-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-02-01"}],"fact_type":"governance_change"},{"claim_id":"d8356f5902559d2a4bd1d66225b724930117655c","claim":"Crown Electrokinetics Corp.: Established the rights of Series E Preferred Stock (effective 2023-02-01).","evidence_excerpt":"On February 1, 2023, the Company filed a Certificate of Designations, Preferences and Rights of the Series E Preferred Stock with the Secretary of State of the State of Delaware (the “ Series E COD ”) in connection with the Line of Credit. The Series E COD establishes the rights of the shares of Series E Preferred Stock.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/0001213900-23-007769-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-02-01"}],"fact_type":"governance_change"},{"claim_id":"6e93e2d920ff77693b6b66bc16088680dc8a7e87","claim":"Crown Electrokinetics Corp. entered into Line of Credit Agreement with Lender valued at $100,000,000 line of credit; initial advance of $2,000,000 (effective 2023-02-02).","evidence_excerpt":"On February 2, 2023, Crown Electrokinetics Corp. (the \" Company \") entered into a Line of Credit Agreement (the \" Line of Credit \") with a lender (\" Lender \") pursuant to which Lender extended to the Company a secured line of credit in an amount not to exceed $100,000,000, to be used to fund expenses related to the fulfillment of contracts with customers of the Company’s wholly-owned subsidiary, Crown Fiber Optics Corp.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/0001213900-23-007769-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Lender"},{"label":"Value","value":"$100,000,000 line of credit; initial advance of $2,000,000"},{"label":"Effective","value":"2023-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}