Crown Electrokinetics implements 1-for-150 reverse split; CEO cites >$25M cash, growth

Crown Electrokinetics Corp.

Reverse stock split at 1-for-150 ratio effective at market open on January 30, 2025; fractional shares rounded up.
Stockholders approved split on Jan 14; board approved Jan 25; new CUSIP 228339503.
CEO Doug Croxall states cash balance exceeds $25M, revenues growing, and company positioned for long-term success.
Addition of Andy Mayer and team strengthens infrastructure solutions; potential role in California wildfire recovery.
Reverse split maintains Nasdaq listing under same ticker CRKN.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Crown Electrokinetics Corp.: Certificate of Amendment to Amended and Restated Certificate of Incorporation to effect a 1-for-150 reverse stock split (effective 2025-01-29).

Change: charter amendment
Effective: 2025-01-29

Exact text from the filing

On January 28, 2025, 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-150 (the “Reverse Stock Split”) to be effective at 11:59 p.m. eastern on January 29, 2025.

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Source: SEC EDGAR

accession 0001213900-25-007260

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