secwatch.observer — SEC 8-K summary
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Issuer:     Crown Electrokinetics Corp. (—)
CIK:        0001761696
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001213900-23-049082
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Electrokinetics raises ~$3.08M via Series F-1 and F-2 convertible preferred stock offerings
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- Issued 3,583 Series F-1 shares at $1,000 each for ~$2.33M; investors also get warrants for 23.9M shares at $0.1499.
- Issued 1,153 Series F-2 shares for ~$749k; investors get warrants for 7.5M shares at $0.1538.
- Preferred pays 10% annual dividend, increasing 30% per quarter after 18 months if still outstanding.
- Filed Certificate of Amendment to increase authorized common shares to 800,000,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761696/000121390023049082/0001213900-23-049082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761696/000121390023049082/ea180330-8k_crownelect.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-049082

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