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Crown Electrokinetics Corp. filed an 8-K to report a change in its independent auditor. On January 12, 2026, the company amicably ended the engagement of Frank, Rimerman + Co. LLP as its independent registered public accounting firm, with approval from the board and audit committee.
Frank, Rimerman did not audit any of the company’s financial statements during its engagement and therefore issued no audit reports, adverse opinions, or disclaimers. The company states there were no disagreements and no reportable events with Frank, Rimerman over the last two fiscal years and the interim period through January 12, 2026.
On the same date, the board and audit committee approved the appointment of CBIZ CPAs P.C. as the new independent registered public accounting firm. The company also notes that it did not consult with CBIZ on accounting principles, audit opinions, or any disagreements or reportable events before this appointment.
Crown Electrokinetics Corp., through its wholly owned subsidiary Crown Fiber Optics Corp., has sold its fiber optics construction-related business assets to Paramount Infrastructure Corp. The deal covers equipment, tools, inventory, vehicles, machinery and other tangible property, as well as all open or ongoing customer contracts, subcontracts, master service agreements, work orders, purchase orders and related agreements.
The total purchase price is $2,000,000, payable by the buyer in four equal installments on or before January 5, 2026, January 17, 2026, February 1, 2026, and March 1, 2026. Crown Fiber Optics retains a first-priority security interest in all purchased assets until the full purchase price is paid. The transaction closed effective January 5, 2026.
Crown Electrokinetics Corp. announced immediate leadership changes. On October 16, 2025, Joel Krutz resigned from the Board of Directors. On October 17, 2025, the Company terminated Mr. Krutz as Chief Operating Officer and Chief Financial Officer, effective immediately.
The filing centers on governance and executive turnover, indicating a near‑term transition across finance and operations leadership as well as the board.
Crown Electrokinetics Corp. appointed Frank, Rimerman + Co. LLP as its independent registered public accounting firm after a competitive review by the board’s Audit Committee. Frank Rimerman will audit the company’s financial statements for the year ending December 31, 2025 and review interim financial information for the quarters ending June 30, 2025 and September 30, 2025.
The company states that during 2023, 2024 and the interim period up to the appointment, neither it nor anyone on its behalf consulted Frank Rimerman on accounting principles, potential audit opinions, or any matters involving disagreements or reportable events. This indicates the new auditor was not previously advising on the company’s accounting decisions.