Crown Electrokinetics Corp. - CRKN STOCK NEWS

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced its intent to dual list shares on Upstream, a digital trading platform for securities and NFTs. This move aims to attract a broader, global investor base by enabling trading using USDC, credit, debit, and PayPal. CEO Doug Croxall emphasized the importance of enhanced liquidity for shareholders. Approval from MERJ is required for the listing, but Crown may qualify for expedited processing due to its current Nasdaq status. The dual listing is expected to improve price discovery and liquidity for investors.

Crown Electrokinetics Corp. (NASDAQ: CRKN) reported the successful closure of $4 million in new capital amid challenging market conditions for pre-revenue firms. This funding will facilitate the delivery of their first-generation smart glass product and support ongoing debt negotiations for future manufacturing phases. The company aims to capitalize on the projected smart glass market growth, estimated at $8.2 billion by 2027. Additionally, Crown is restructuring its board with new appointments to better align with its strategic goals and enhance overall governance.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has announced significant progress with two initial purchase orders of its Smart Window Inserts™ from Hudson Pacific Properties. These orders represent a milestone for the company and are set to be delivered following the launch of its first-generation production line this fall. The Smart Window Inserts™ aim to reduce HVAC energy costs and lower carbon footprints for existing buildings, addressing sustainability needs. The recently passed Inflation Reduction Act enhances tax incentives for retrofitting, potentially accelerating market adoption of Crown's technology.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has secured two purchase orders for its innovative Smart Window Inserts™, which will be implemented in San Francisco Bay Area buildings. The Smart Window Inserts™ are set to be delivered once the first-generation production line is operational this fall. CEO Doug Croxall highlights that this marks the first order and aims to enhance energy efficiency and reduce carbon footprints for legacy buildings. The Inflation Reduction Act will provide expanded tax incentives for energy improvements, further bolstering Crown's value proposition for clients.

Crown Electrokinetics Corp (NASDAQ: CRKN) announced its second-quarter 2022 results, highlighting significant developments. The company reported a net loss of $4.5 million, including $1.5 million in non-cash stock-based compensation. Key milestones include the execution of two customer purchase orders for Smart Window Inserts™ and the successful raise of $2.1 million in equity financing. Furthermore, the Inflation Reduction Act enhances the value proposition for retrofitted energy improvements, particularly appealing to REIT customers. The company anticipates commencing product manufacturing soon.

Crown Electrokinetics Corp (NASDAQ: CRKN) announced significant milestones in its second quarter 2022 report. The company executed its first two customer purchase orders for smart window inserts in the Bay Area. Additionally, it secured $2.1 million in equity financing and is working on debt financing with an alternative lender. Financially, Crown reported a net loss of $4.5 million, down from $5.4 million in Q2 2021, while operating expenses were also reduced. The company holds $1.0 million in cash, backed by a $10 million standby letter of credit.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced it will release its second quarter financial results on August 15, 2022, at 4:30 p.m. ET. The company, known for its DynamicTint™ smart glass technology, will host a conference call featuring remarks from CEO Doug Croxall and CFO Joel Krutz. Investors unable to attend the live call can access a replay until August 29, 2022. DynamicTint™ technology enables rapid transition between clear and dark glass, promoting sustainability and energy efficiency.

Crown Electrokinetics Corp. (NASDAQ: CRKN) has successfully closed recent equity raises crucial for its manufacturing plans amidst market challenges. On July 20, 2022, the company announced a public offering of $1.0 Million in common stock, alongside a Series D Preferred Stock round raising $1.1 Million. This funding is aimed at accessing non-dilutive debt financing to support production of Smart Window Inserts™, projected to generate annual revenues of approximately $220 million with an EBITDA of $40 million. Crown targets U.S. office buildings to lower HVAC costs and carbon footprints.

Crown Electrokinetics Corp. (NASDAQ: CRKN) announced an underwritten public offering of 1,250,000 shares at $0.80 per share, generating gross proceeds of $1,000,000. The offering includes a 30-day option for underwriters to purchase an additional 187,500 shares. This transaction is set to close on July 22, 2022, subject to customary conditions. Proceeds will be utilized for general corporate purposes and working capital. The offering is registered under Form S-3, effective since January 21, 2022.