Crown Electrokinetics extends merger tender offer deadline to July 15; CEO issues $500K default note

Crown Electrokinetics Corp.

Amendment extends commencement of tender offer from original deadline to July 15, 2025.
Deposits of $500K (escrow) and $5.47M (depositary) also pushed to earlier of offer start or July 15.
CEO Doug Croxall, Parent, and Merger Sub issue $500K promissory note (6% interest) due Sept 30, 2025 or upon missing July 15 deadline.
Default note will be cancelled if deposits made on time; otherwise becomes payable.
Prior breaches of offer commencement and escrow deposit deadlines are waived.

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