Crown Electrokinetics terminates merger agreement; $3.15/share offer withdrawn

Crown Electrokinetics Corp.

Mutual termination of merger agreement with Crown EK Acquisition LLC effective July 16, 2025.
Cash tender offer at $3.15 per share abandoned; no deal consideration payable.
Dr. DJ Nag and Scott Hobbs resigned from board on July 17, 2025; no disagreement with company.
Nag chaired governance/nominating committee and served on compensation and audit committees.
Termination agreement filed as Exhibit 2.1; merger agreement originally dated June 6, 2025.

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