secwatch.observer — SEC 8-K summary
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Issuer:     Crown Electrokinetics Corp. (—)
CIK:        0001761696
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001213900-23-041189
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Electrokinetics restructures $2.9M notes, issues stock; Nasdaq listing extended to Aug 28
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- Inducement agreements lower conversion price on $1.5M notes to $0.1547 and $1.39M notes to $0.1822, adding ~8.3M potential shares.
- LOC note maturity extended to June 7, 2023; company to issue 4,000 Series E Preferred shares (convertible to 4M common).
- January convertible note maturity extended to May 23, 2023; company to issue 4M common shares subject to stockholder approval.
- Issued $429,877 in demand notes, with 8.6M common shares issuable upon stockholder approval, payable on demand after first offering or July 16.
- Nasdaq Panel grants extension to August 28, 2023 for bid price and equity compliance; no assurance of continued listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761696/000121390023041189/0001213900-23-041189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761696/000121390023041189/ea178478-8k_crown.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-041189

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