{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-046540","form_type":"8-K","ticker":null,"cik":"0001761696","company_name":"Crown Electrokinetics Corp.","filed_at":"2023-06-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.439328+00:00","generated_at":"2026-06-14T06:43:16.006363+00:00","sec_items":["1.01","5.03","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 restructures debt, exchanges notes for Series F Preferred, issues 35.5M warrants","bullets":["Exchanged $2.6M Oct notes, $205K Jan notes, $570K demand notes, 1,197 Series D shares for 5,251 Series F shares ($1K stated value).","Issued five-year warrants to purchase 35.5M shares of common stock at $0.1478 per share, subject to stockholder approval.","Series F Preferred converts at $0.1478/share, 10% annual dividend, 4.99%-9.99% ownership cap, and 125% liquidation preference.","Deleveraging reduces debt and removes restrictive covenants; CFO cites fiber optics growth opportunities."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-046540","json":"https://secwatch.observer/filing/0001213900-23-046540.json","markdown":"https://secwatch.observer/filing/0001213900-23-046540.md","text":"https://secwatch.observer/filing/0001213900-23-046540.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023046540/0001213900-23-046540-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023046540/ea179751-8k_crownelect.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T06:43:16.006363+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":"d65da7d92486c62d5876d3e0890e1faeccd556f4","claim":"Crown Electrokinetics Corp.: Filed Certificate of Designation for Series F Preferred Stock, establishing its terms (effective 2023-06-05).","evidence_excerpt":"On June 5, 2023, the Company filed a Certificate of Designation for its Series F Preferred Stock with the Secretary of State of Delaware (the \"Certificate of Designation\").","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023046540/0001213900-23-046540-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-06-05"}],"fact_type":"governance_change"},{"claim_id":"a5bd6e9e295507813dbcb811b9f99dac1e1fc625","claim":"Crown Electrokinetics Corp. entered into Exchange Agreements (effective 2023-06-04).","evidence_excerpt":"On June 4, 2023, the Company entered into Exchange Agreements (the “Exchange Agreements”): (i) with the October Investors for the exchange of October Notes in the aggregate principal amount of $2,616,740 for 2,622 shares of the Company’s newly created Series F Convertible Preferred Stock (“Series F Preferred Stock”), in the aggregate; (ii) with the January Investors for the exchange of January Notes in the aggregate principal amount of $205,276 for 206 shares of Series F Preferred Stock, in the aggregate; (iii) with the Demand Noteholders for the exchange of Demand Notes in the principal amount of $570,279 for 576 shares of Series F Preferred Stock, in the aggregate; and (iv) with the Series D Purchasers for the exchange of 1,197 shares of Series D Preferred Stock for 1,847 shares of Series F Preferred Stock, in the aggregate.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1761696/000121390023046540/0001213900-23-046540-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Effective","value":"2023-06-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}