Crown Electrokinetics Files 8-K with Material Agreements
Ticker: CRKN · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1761696
Sentiment: neutral
Topics: material-agreement, financials, 8-k
TL;DR
Crown Electrokinetics filed an 8-K on Aug 31, reporting material agreements and financials.
AI Summary
Crown Electrokinetics Corp. filed an 8-K on October 15, 2024, reporting on events as of August 31, 2024. The filing indicates the entry into a material definitive agreement and includes financial statements and exhibits. The company is incorporated in Delaware and headquartered in Corvallis, Oregon.
Why It Matters
This filing signals significant corporate actions and financial updates for Crown Electrokinetics Corp., potentially impacting investors and stakeholders.
Risk Assessment
Risk Level: medium — 8-K filings often contain material information that can lead to stock price volatility.
Key Numbers
- 001-39924 — SEC File Number (Identifies the company's filing history with the SEC.)
- 47-5423944 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Crown Electrokinetics Corp. (company) — Registrant
- August 31, 2024 (date) — Earliest event reported date
- October 15, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- Corvallis, Oregon (location) — Principal executive offices
FAQ
What type of material definitive agreement did Crown Electrokinetics Corp. enter into?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this excerpt.
What is the significance of the 'Financial Statements and Exhibits' item in this filing?
This indicates that the filing includes important financial information and supporting documents for the period ending August 31, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing was as of August 31, 2024.
What is Crown Electrokinetics Corp.'s principal executive office address?
The principal executive offices are located at 1110 NE Circle Blvd., Corvallis, Oregon 97330.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Stats: 1,189 words · 5 min read · ~4 pages · Grade level 14.4 · Accepted 2024-10-15 17:24:05
Key Financial Figures
- $0.0001 — ge on which registered Common Stock, $0.0001 par value CRKN NASDAQ Capital Market
- $100 million — ated to purchase, up to an aggregate of $100 million of newly issued shares (the "Shares") o
Filing Documents
- crkn-20240831.htm (8-K) — 35KB
- crkn-ex1040xcommon_stockxp.htm (EX-10.1) — 315KB
- crkn-ex1041xregistrationri.htm (EX-10.2) — 211KB
- image_0a.jpg (GRAPHIC) — 12KB
- image_0b.jpg (GRAPHIC) — 39KB
- image_1a.jpg (GRAPHIC) — 4KB
- image_1b.jpg (GRAPHIC) — 20KB
- image_2a.jpg (GRAPHIC) — 60KB
- image_2b.jpg (GRAPHIC) — 0KB
- image_3a.jpg (GRAPHIC) — 0KB
- image_4a.jpg (GRAPHIC) — 0KB
- 0001761696-24-000092.txt ( ) — 959KB
- crkn-20240831.xsd (EX-101.SCH) — 2KB
- crkn-20240831_lab.xml (EX-101.LAB) — 22KB
- crkn-20240831_pre.xml (EX-101.PRE) — 13KB
- crkn-20240831_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On August 31, 2024, Crown Electrokinetics Corp. (the "Company") entered into a Common Stock Purchase Agreement (the "Purchase Agreement") with Liqueous, LP ("Liqueous"), whereby the Company has the right, but not the obligation, to sell to Liqueous, and Liqueous is obligated to purchase, up to an aggregate of $100 million of newly issued shares (the "Shares") of the Company's common stock, par value $0.0001 per share ("Common Stock"). The Company does not have a right to commence any sales of Common Stock to Liqueous under the Purchase Agreement until the time when all of the conditions to the Company's right to commence sales of Common Stock to Liqueous set forth in the Purchase Agreement have been satisfied, including that a registration statement of such shares is declared effective by the SEC and the final form of prospectus is filed with the Securities and Exchange Commission (the "Commencement Date"). Over the 24-month period from and after the Commencement Date, the Company will control the timing and amount of any sales of Common Stock to Liqueous . Actual sales of shares of Common Stock to Liqueous under the Purchase Agreement will depend on a variety of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price of the Common Stock and determinations by the Company as to the appropriate sources of funding for our company and our operations. The purchase price of the shares of Common Stock that the Company elects to sell to Liqueous pursuant to the Purchase Agreement will be equal to ninety-seven percent (97.0%) of the lowest daily VWAP during the two business days prior to the date the Company delivers a notice to Liqueous. There is no upper limit on the price per share that Liqueous could be obligated to pay for the Common Stock under the Purchase Agreement. Under the applicable Nasdaq rules, in no event may the Company issue to Liqueo
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit No. Description 10.1 Common Stock Purchase Agreement, dated August 31, 2024, by and between Crown Electrokinetics Corp. and Liqueous, LP 10.2 Registration Rights Agreement, dated August 31, 2024, by and between Crown Electrokinetics Corp. and Liqueous, LP 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 15, 2024 CROWN ELECTROKINETICS CORP. By: /s/ Doug Croxall Name: Doug Croxall Title: Chief Executive Officer