--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-067202" form_type: "8-K" ticker: null cik: "0001761696" company_name: "Crown Electrokinetics Corp." filed_at: "2023-08-14T23:59:59+00:00" generated_at: "2026-06-11T12:02:10.658625+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Crown Electrokinetics announces 1-for-60 reverse stock split effective Aug 14, 2023 ## Summary - 1-for-60 reverse stock split effective 11:59 p.m. ET on Aug 14; trading on split-adjusted basis begins Aug 15 under symbol CRKN. - No fractional shares issued; fractional shares rounded up to whole shares. - Stockholders approved the reverse split on Aug 11 with 28.3M for, 8.5M against. - Stockholders also approved share issuances to convertible noteholders, senior secured noteholders, and for private placements. - Elected directors Croxall, Marcus, Nag; ratified Marcum LLP as auditor for FY 2024. ## SEC filing metadata - accession: 0001213900-23-067202 - form_type: 8-K - cik: 0001761696 - company_name: Crown Electrokinetics Corp. - filed_at: 2023-08-14T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/ea183353-8k_crownelec.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-067202 - JSON: https://secwatch.observer/filing/0001213900-23-067202.json - Plain text: https://secwatch.observer/filing/0001213900-23-067202.txt ## Key facts - Governance Changes Crown Electrokinetics Corp.: Filed Certificate of Amendment to effect a 1-for-60 reverse stock split of common stock (effective 2023-08-14). - Change: charter amendment - Effective: 2023-08-14 source text: On August 11, 2023, Crown Electrokinetics Corp. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of its issued common stock, par value $0.0001 per share (“Common Stock”), in the ratio of 1-for-60 (the “Reverse Stock Split”) to be effective at 11:59 p.m. eastern on August 14, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Approval of a reverse stock split of Common Stock at a ratio of not more than 1-for-60 at the 2023-08-11 meeting. - Proposal: reverse split - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 3 The Company’s stockholders approved a reverse stock split of the Common Stock at a ratio of not more than 1-for-60, such ratio to be determined by the Board of Directors on or prior to December 15, 2023, in its sole discretion: Votes “FOR” Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 28,326,515 8,451,621 47,601 -- evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Election of Directors at the 2023-08-11 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 1 The Company’s stockholders elected Douglas Croxall, Daniel Marcus and Dr. DJ Nag to the Company’s Board of Directors, to hold office until the 2024 annual meeting of stockholders or until his successor shall have been duly elected or appointed and qualify, based upon the following votes: Nominee Votes “FOR” Votes WITHHELD Douglas Croxall 18,988,824 5,493,931 Daniel Marcus 19,582,502 4,900,253 Dr. DJ Nag 19,414,806 5,067,949 evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Approval of issuance of shares of Common Stock pursuant to equity line of credit at the 2023-08-11 meeting. - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 9 The Company’s stockholders approved the issuance of shares of Common Stock pursuant to the Company’s equity line of credit: Votes “FOR” Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 16,205,960 8,023,398 253,397 12,342,982 evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Ratification of Marcum LLP as independent registered public accounting firm for fiscal year ending December 31, 2024 at the 2023-08-11 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 2 The Company’s stockholders ratified the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, based upon the following votes: Votes “FOR” Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 32,707,864 3,138,717 979,156 -- evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Approval of issuance of shares of Common Stock to holders of demand notes at the 2023-08-11 meeting. - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 8 The Company’s stockholders approved the issuance of shares of Common Stock to holders of the Company’s demand notes: Votes “FOR” Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 16,259,928 8,134,606 88,221 12,342,982 evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Approval of issuance of shares of Common Stock to holders of senior secured notes in connection with extension of maturity date at the 2023-08-11 meeting. - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 5 The Company’s stockholders approved the issuance of shares of Common Stock to holders of certain of the Company’s senior secured notes in connection with the extension of the maturity date thereof: Votes “FOR” Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 16,378,170 7,875,730 228,855 12,342,982 evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Approval of issuance of shares of Common Stock in connection with extensions of maturity date of promissory notes pursuant to line of credit at the 2023-08-11 meeting. - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 7 The Company’s stockholders approved the issuance of shares of Common Stock in connection with extensions of the maturity date of promissory notes pursuant to the Company’s line of credit: Votes “FOR” Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 16,119,985 8,184,996 177,774 12,342,982 evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Approval of private placements of shares of preferred stock and warrants to purchase Common Stock at the 2023-08-11 meeting. - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 6 The Company’s stockholders approved private placements of shares of preferred stock and warrants to purchase Common Stock: Votes “FOR” Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 16,190,113 8,037,214 255,428 12,342,982 evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm - Shareholder Votes Crown Electrokinetics Corp. shareholders approved Approval of issuance of shares of Common Stock and warrants to holders of secured convertible notes in connection with amendment and waiver at the 2023-08-11 meeting. - Outcome: passed - Meeting: 2023-08-11 source text: Proposal No. 4 The Company’s stockholders approved the issuance of shares of Common Stock and warrants to purchase shares of Common Stock to holders of certain of the Company’s secured convertible notes in connection with the amendment and waiver of certain terms thereof: Votes “FOR” Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 16,309,954 8,034,794 138,007 12,342,982 evidence_url: https://www.sec.gov/Archives/edgar/data/1761696/000121390023067202/0001213900-23-067202-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.