---
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"
generated_at: "2026-06-14T06:43:16.006363+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crown Electrokinetics restructures debt, exchanges notes for Series F Preferred, issues 35.5M warrants

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-046540
- form_type: 8-K
- cik: 0001761696
- company_name: Crown Electrokinetics Corp.
- filed_at: 2023-06-06T23:59:59+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, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-046540
- JSON: https://secwatch.observer/filing/0001213900-23-046540.json
- Plain text: https://secwatch.observer/filing/0001213900-23-046540.txt

## Key facts
- Governance Changes
  Crown Electrokinetics Corp.: Filed Certificate of Designation for Series F Preferred Stock, establishing its terms (effective 2023-06-05).
  - Change: charter amendment
  - Effective: 2023-06-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023046540/0001213900-23-046540-index.htm
- Material Agreements
  Crown Electrokinetics Corp. entered into Exchange Agreements (effective 2023-06-04).
  - Action: entry
  - Agreement: equity purchase
  - Effective: 2023-06-04
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023046540/0001213900-23-046540-index.htm

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