LOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown” or the “Company”), a leader in optical and fiber infrastructure solutions, today announced that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Crown EK Acquisition LLC (“Parent”) and Crown EK Merger Sub Corp. (“Purchaser”), a wholly owned subsidiary of Parent. Parent is controlled by Douglas Croxall, the Company’s Chairman and Chief Executive Officer. Under the term ...

LOS ANGELES, May 16, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (NASDAQ: CRKN) ("Crown" or the "Company”) today reported its financial results for the first quarter ended March 31, 2025. Financial Results for First Quarter Ended March 31, 2025 Revenue was $2.8 million for the first quarter of 2025, which increased from $0.7 million during the same period of 2024. Increased revenue is attributable to new contracts in the Fiber Optics, Water Service Lines (Element 82), and Water Intake Solutions (Sl ...

o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR For the transition period from __________ to __________ Commission file number: 333-232426 Crown Electrokinetics Corp. (Exact name of registrant as specified in its charter) Delaware 47-5423944 (State or ot ...

Achieved Full Year 2024 Revenue of $19.7 Million LOS ANGELES, April 01, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (OTC: CRKN) ("Crown" or the "Company"), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today reported its financial results for the full year ended December 31, 2024. "We ended the full year 2024 with $19.7 million in revenue, a dramatic increase from just $0.2 million the year prior. This is a result of our deliberat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 333-249833 Crown Electrokinetics Corp. (Exact name of registrant as specified in its charter) | Delaware | 47-5423944 ...

LOS ANGELES, March 26, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (OTC: CRKN) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced that Andrew “Andy” Mayer, President of Construction, has submitted his resignation, effective Tuesday, March 25, 2025. “We thank Andy for his time at Crown and wish him all the best in his future endeavors,” said Doug Croxall, CEO and Chairman, Crown. “Crown remain ...

Core Viewpoint - Crown Electrokinetics Corp. is facing delisting from the Nasdaq Stock Market but has filed an appeal for reconsideration, while continuing to operate normally and trade on the OTC market [1][2][3]. Group 1: Delisting and Appeal - The Nasdaq Hearings Panel has declined Crown's request to reconsider its delisting decision made on March 3, 2025 [1]. - Crown filed an appeal on March 18, 2025, seeking further review of the delisting decision, although this does not guarantee reinstatement [1]. Group 2: Business Operations and Strategy - Despite the delisting situation, the company remains focused on executing its business strategy and delivering long-term value for shareholders [2]. - Crown is actively trading on the OTC market and is working with market makers and advisors to ensure efficient trading and liquidity for its shareholders [3]. Group 3: Future Plans - Crown is evaluating options regarding its listing status and intends to pursue a return to a national exchange when appropriate [4]. - The company is committed to driving operational efficiency and capitalizing on opportunities in critical infrastructure solutions [4]. Group 4: Company Overview - Crown is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment, operating in sectors such as Smart Windows and Construction [5].

Core Viewpoint - Crown Electrokinetics Corp. has received a delisting determination from Nasdaq but intends to appeal the decision while maintaining a strong financial position and operational growth [1][3]. Group 1: Company Status - Crown is fundamentally stronger than in the past, with expanded operations and growing revenue, maintaining a cash balance exceeding $20 million and no debt [2]. - The company has complied with Nasdaq's minimum bid price requirement for 22 consecutive business days, closing at approximately $3.40 per share on March 3, 2025 [2]. Group 2: Business Operations - Crown provides critical infrastructure solutions through its Crown Construction business, specializing in fiber optics, water service lines, and XXL diameter pipelines [2]. - The company has been generating consistent revenue through its construction business, including proprietary solutions designed to combat water scarcity [3]. Group 3: Future Outlook - The company is actively securing new opportunities across all its businesses and remains confident in its ability to drive long-term growth [3]. - Despite the suspension of trading on Nasdaq, Crown's securities will remain technically listed pending a final decision, and the company will continue executing its growth strategy [3].

Core Insights - Crown Electrokinetics Corp. has successfully completed its second slant well at the Twin Dolphin Club in Cabo San Lucas, Mexico, marking the completion of its first slant well project [1][2] - The final pump test and water quality samples have been submitted to Mexico's National Water Commission (CONAGUA) for review, with full operational status expected in the coming months [1][3] - The project utilizes proprietary trenchless technology, providing an environmentally responsible method for sourcing water, significantly reducing ecological disruption compared to traditional methods [2][4] Company Developments - The completion of both slant wells represents a major milestone for Crown's Water Intake Solutions business, showcasing the effectiveness and scalability of this innovative technology [3] - The Twin Dolphin project has generated strong interest from potential customers in the Los Cabos region, with plans for additional slant well installations in 2025 [3][4] - Crown aims to expand its offerings and deploy this cutting-edge technology to address global water challenges, particularly in water-scarce regions [4]

Core Insights - Crown Electrokinetics Corp. has secured a significant role in Pittsburgh Water's lead pipe replacement initiative through its Element 82 division's partnership with Electro Scan Inc. [1][2] Company Overview - Crown Electrokinetics Corp. is a provider of innovative technology infrastructure solutions aimed at benefiting communities and the environment, with three business divisions: Smart Windows, Construction, and Water Solutions [5]. Technology and Innovation - Element 82 will utilize Electro Scan's SWORDFISH technology to inspect water service lines for 1,600 homes, which employs advanced electrical resistance testing for high accuracy in identifying lead pipes [2][3]. - SWORDFISH technology is recognized by the U.S. Environmental Protection Agency as the only commercially available solution that accurately identifies lead water pipes, distinguishing it from traditional methods [3]. Industry Impact - The project highlights the increasing recognition of Element 82's capabilities in addressing public health challenges related to lead pipes, setting new industry standards for accuracy and efficiency in lead pipe detection [3][4].