Shareholder Approvals - Crown's shareholders approved all proposals, including a 1-for-200 reverse stock split and the ratification of its independent registered public accounting firm [1] - The reverse stock split provides flexibility to meet corporate objectives, including maintaining Nasdaq listing compliance [1] - The Board of Directors has discretion to enact the reverse stock split within a ratio of 1-for-2 to 1-for-200, with the exact ratio to be determined before December 31, 2025 [4] Company Strategy and Outlook - Crown aims to achieve profitability in the first half of 2025 and expand its footprint to meet increasing demand [5] - The company is focused on delivering innovative infrastructure solutions that address critical societal challenges [5] - Crown is committed to building long-term shareholder value and laying the foundation for sustainable growth and continued innovation [5] Business Overview - Crown operates three business divisions: Smart Windows, Fiber Optics, and Water Solutions [7] - The company is dedicated to developing cutting-edge infrastructure solutions that benefit communities and the environment [7] Voting Results and Reporting - The voting results from the Special Meeting of Stockholders were announced on January 14, 2025 [2] - Full voting reports can be accessed through the company's SEC filings [6]
Crown Announces Results of Special Meeting of Stockholders