---
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"
generated_at: "2026-06-20T01:12:26.373329+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crown Electrokinetics secures up to $100M line of credit, draws $2M at $0.50 convertible

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-007769
- form_type: 8-K
- cik: 0001761696
- company_name: Crown Electrokinetics Corp.
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-007769
- JSON: https://secwatch.observer/filing/0001213900-23-007769.json
- Plain text: https://secwatch.observer/filing/0001213900-23-007769.txt

## Key facts
- Governance Changes
  Crown Electrokinetics Corp.: Amended the conversion price of Series D Preferred Stock from $1.30 to $0.50 (effective 2023-02-01).
  - Change: charter amendment
  - Effective: 2023-02-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/0001213900-23-007769-index.htm
- Governance Changes
  Crown Electrokinetics Corp.: Established the rights of Series E Preferred Stock (effective 2023-02-01).
  - Change: charter amendment
  - Effective: 2023-02-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/0001213900-23-007769-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Lender
  - Value: $100,000,000 line of credit; initial advance of $2,000,000
  - Effective: 2023-02-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/0001213900-23-007769-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.