Crown Electrokinetics (CRKN) Announces Merger Agreement
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Crown Announces Entry into Merger Agreement
June 9, 2025 9:00 AM EDTLOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (NASDAQ: CRKN) (Crown or the Company), a leader in optical and fiber infrastructure solutions, today announced that it has entered into a definitive Agreement and Plan of Merger (the Merger Agreement) with Crown EK Acquisition LLC (Parent) and Crown EK Merger Sub Corp. (Purchaser), a wholly owned subsidiary of Parent.
Parent is controlled by Douglas Croxall, the Companys Chairman and Chief Executive Officer. Under the terms of the Merger Agreement, Purchaser will commence a tender offer to acquire all outstanding shares of Crowns common... More
