Crown Electrokinetics Corp. Announces Intent to Voluntarily Delist from Nasdaq

Rhea-AI Summary

Crown Electrokinetics (NASDAQ:CRKN) has announced its Board of Directors' decision to voluntarily delist from the Nasdaq Stock Market. The company plans to file a Form 25 Notification of Delisting with the SEC to remove its common stock from Nasdaq listing and registration.

This decision follows Nasdaq's previous suspension of CRKN's common stock trading on March 5, 2025, due to the company's failure to maintain the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). While Nasdaq had indicated it would file the Form 25, the company has opted to proceed with the delisting process voluntarily as Nasdaq has not yet made the filing.

Positive

• None.

Negative

• Company failed to meet Nasdaq's minimum bid price requirement
• Trading of common stock was suspended on March 5, 2025
• Voluntary delisting from Nasdaq indicates potential financial distress

LOS ANGELES, CA / ACCESS Newswire / July 23, 2025 / Crown Electrokinetics Corp. (Nasdaq:CRKN) ("Crown" or the "Company") today announced that its Board of Directors approved the commencement of the process to voluntarily delist its securities from the Nasdaq Stock Market LLC ("Nasdaq") and its intention to file a Form 25 Notification of Delisting with the Securities and Exchange Commission (the "SEC"), which will remove the Company's common stock, par value $0.001 (the "common stock"), from listing and registration on Nasdaq. Nasdaq previously suspended the trading of the Company's common stock on March 5, 2025 due to noncompliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and notified the Company that a Form 25 would be filed. However, as Nasdaq has not yet made the filing, the Company is doing so voluntarily.

About Crown

Crown is a leading provider of innovative technology infrastructure solutions that benefit communities and the environment. Operating across multiple businesses - Smart Windows and Construction - Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit www.crownek.com.

Forward-Looking Information
Certain statements in this news release may be "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or Crown's future financial performance that involve certain contingencies and uncertainties, including those discussed in Crown's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Crown Electrokinetics Corp. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Contact Information:

Investor Relations
ir@crownek.com

Public Relations
pr@crownek.com

SOURCE: Crown Electrokinetics Corp.

View the original press release on ACCESS Newswire

FAQ

Why is Crown Electrokinetics (CRKN) delisting from Nasdaq?

Crown Electrokinetics is delisting due to noncompliance with Nasdaq's minimum bid price requirement (Rule 5550(a)(2)), following a trading suspension that occurred on March 5, 2025.

When was CRKN stock suspended from trading on Nasdaq?

CRKN stock was suspended from trading on Nasdaq on March 5, 2025 due to noncompliance with the minimum bid price requirement.

What happens to CRKN shareholders after the Nasdaq delisting?

After delisting, CRKN shares may continue trading on the over-the-counter (OTC) market, though shareholders may experience reduced liquidity and potentially lower trading values.

What is Form 25 that Crown Electrokinetics plans to file?

Form 25 is a Notification of Delisting filed with the SEC to officially remove a company's securities from listing and registration on a national securities exchange like Nasdaq.

What was the minimum bid price requirement that CRKN failed to meet?

According to Nasdaq Listing Rule 5550(a)(2), companies must maintain a minimum bid price of $1.00 per share to remain listed on the exchange.