secwatch.observer — SEC 8-K summary
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Issuer:     Crown Electrokinetics Corp. (—)
CIK:        0001761696
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001213900-23-007769
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.03, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/0001213900-23-007769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761696/000121390023007769/ea172397-8k_crownelect.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-007769

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer