Crown Electrokinetics Corp.: Nasdaq/NYSE listing notice — Crown Electrokinetics receives Nasdaq notice of equity deficiency, adding to delisting risk

Crown Electrokinetics Corp.

On April 3, 2023, Nasdaq notified Crown of non-compliance with $2.5M minimum stockholders' equity requirement as of Dec 31, 2023.
Company already faces delisting for bid price non-compliance; hearing requested and stayed action.
Must address equity deficiency at upcoming Panel hearing; no assurance of continued listing.
Ticker: CRKN.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Crown Electrokinetics Corp. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

April 3, 2023, the Company received an additional notice from the Staff indicating that the Company’s non-compliance with the $2,500,000 minimum stockholders’ equity requirement as of December 31, 2023, and its alternatives, as set forth in Nasdaq Listing Rule 5550(b)(1), could serve as an additional basis for delisting and, accordingly, the Company must address the equity deficiency at its upcoming hearing before the Panel. The Company is diligently working to evidence compliance with all applicable Nasdaq listing criteria; however, there can be no assurance that the Panel will grant the Comp

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Source: SEC EDGAR

accession 0001213900-23-028052

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