Core Points - The former CFO of View, Vidul Prakash, is facing claims from the U.S. Securities and Exchange Commission (SEC) for negligently allowing the company to understate the costs associated with replacing defective smart windows [1][3] - A federal judge ruled that the SEC could potentially prove that Prakash's actions violated federal securities laws, rejecting his defense [1][4] Company Overview - View went public in March 2021 through a merger valued at $1.6 billion with a special-purpose acquisition company backed by Cantor Fitzgerald [2] - The company filed for Chapter 11 bankruptcy in April 2024 and has agreed to go private [2] Financial Misstatements - The SEC's case, initiated in July 2023, centers around a defective sealing component in View's smart windows, which are designed to adjust to sunlight and are commonly used in office buildings [3] - View allegedly understated its window-related liabilities by $25 million in 2019 and $28 million in 2020 by failing to disclose shipping, installation, and manufacturing costs [3] Legal Proceedings - The judge indicated that a reasonable jury could find that Prakash breached his duty of care, contributing to the alleged financial misstatements [4] - Following the allegations, View replaced Prakash as CFO in November 2021 and decided to restate over two years of financial results [4] - View settled with the SEC without admitting wrongdoing and was not fined, which reflects the company's cooperation with the investigation [4]

Core Viewpoint - Crown Electrokinetics Corp. has entered into a definitive Merger Agreement with Crown EK Acquisition LLC, which will lead to Crown becoming a wholly owned subsidiary of Parent, controlled by Douglas Croxall, the Company's Chairman and CEO [1][2][3]. Group 1: Merger Agreement Details - The Merger Agreement stipulates that Purchaser will initiate a tender offer to acquire all outstanding shares of Crown's common stock at a cash price of $3.15 per share [2]. - The transaction has received unanimous approval from a special committee of independent directors, who determined it to be fair to Crown's unaffiliated public stockholders [3]. - The tender offer is expected to commence within 15 business days and will remain open for 20 business days, unless extended [4]. Group 2: Transaction Structure and Timeline - The transaction is not subject to a financing condition and is anticipated to close promptly after the successful completion of the tender offer [4]. - Additional information regarding the transaction will be filed with the SEC and made available on Crown's investor relations website [5]. Group 3: Company Overview - Crown is recognized as a leading provider of innovative technology infrastructure solutions, operating across multiple sectors including Smart Windows and Construction [6].

Core Points - Crown Electrokinetics Corp. announced the resignation of Andrew "Andy" Mayer, President of Construction, effective March 25, 2025 [1] - CEO Doug Croxall expressed gratitude for Mayer's contributions and emphasized the company's focus on executing its diversified business strategy [2] - Crown is committed to delivering long-term value through innovation in its critical infrastructure businesses, including Smart Windows, Fiber Optics, Water Service Lines, and Water Intake Solutions [2] Company Overview - Crown Electrokinetics is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment [3] - The company operates across multiple sectors, including Smart Windows and Construction, and aims to redefine industry standards with cutting-edge solutions [3]