Crown Electrokinetics (CRKN) completes $2M sale of fiber optics assets

Rhea-AI Filing Summary

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.

Insights

Equity analyst

Crown Electrokinetics sells fiber optics assets for $2M in staged payments.

Crown Electrokinetics, via its subsidiary Crown Fiber Optics Corp., completed a sale of its fiber optics construction-related assets and associated customer contracts to Paramount Infrastructure Corp for a total of $2,000,000. The deal transfers the operating equipment and active agreements tied to that business line, indicating a meaningful repositioning of those specific operations.

The purchase price will be paid in four equal installments on or before January 5, 2026, January 17, 2026, February 1, 2026, and March 1, 2026. To protect collection of the installments, the seller keeps a first-priority security interest over all purchased assets until full payment, which helps mitigate counterparty risk for the staged consideration. The transaction was effective as of January 5, 2026, so any financial impact will be reflected in subsequent reporting periods.

8-K Event Classification

3 items: 1.01, 2.01, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.01 Completion of Acquisition or Disposition of Assets Financial

The company completed a significant acquisition or sale of business assets.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 2, 2026

CROWN ELECTROKINETICS CORP. 

(Exact name of registrant as specified in its charter)

Delaware		001-39924		47-5423944
(State or other Jurisdiction of Incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)

1110 NE Circle Blvd.

Corvallis, Oregon 97330

(Address of principal executive offices, including Zip Code)

(213) 660-4250

(Registrant’s telephone number, including area code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value		CRKN		OTC Markets

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On January 2, 2026 and effective as of January 5, 2026, Crown Fiber Optics Corp., a Delaware corporation (“Seller”), a wholly-owned subsidiary of Crown Electrokinetics Corp, a Delaware corporation, entered into an Asset Purchase Agreement (the “APA”) with Paramount Infrastructure Corp, a Colorado corporation (“Buyer”), pursuant to which Seller agreed to sell, transfer, convey, and assign to Buyer, Seller’s right, title, and interest in and to all equipment, tools, inventory, vehicles, machinery, and all other tangible personal property owned by Seller and used in its fiber optics, construction, and related operations (the “Assets”) and to assign, transfer, and convey to Buyer all of Seller’s right, title, and interest in and to all customer contracts, subcontracts, master service agreements, work orders, purchase orders, and other agreements related to the business operations of Seller (the “Contracts” and together with the Assets, the “Purchased Assets”) that are open, ongoing, or uncompleted as of the January 5, 2026 (the “Effective Date”) for a total consideration of $2,000,000 (the “Purchase Price”). The Purchase Price is payable in four equal installments on or before each of (i) January 5, 2026, (ii) January 17, 2026, (iii) February 1, 2026 and (iv) March 1, 2026. To secure the full and timely payment of the Purchase Price, Seller retains and shall have a first-priority security interest in all of the Purchased Assets until the Purchase Price is paid in full in accordance with the terms of the APA. The closing of the transactions contemplated by the APA occurred on the Effective Date.

Item 2.01 Completion of Acquisition or Disposition of Assets.

The information set forth in Item 1.01 above is incorporated by reference in this Item 2.01.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
10.1		Asset Purchase Agreement, dated as of January 2, 2026, by and among Crown Fiber Optics Corp. and Paramount Infrastructure Corp.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CROWN ELECTROKINETICS CORP.
	By:	/s/ Doug Croxall
	Name:	Doug Croxall
	Title:	Chief Executive Officer

Dated: January 7, 2026

2

FAQ

What transaction did Crown Electrokinetics (CRKN) disclose in this report?

Crown Electrokinetics disclosed that its wholly owned subsidiary, Crown Fiber Optics Corp., entered into and closed an Asset Purchase Agreement with Paramount Infrastructure Corp to sell specified fiber optics construction-related assets and contracts.

What assets did Crown Fiber Optics sell to Paramount Infrastructure Corp?

The sale includes all equipment, tools, inventory, vehicles, machinery and other tangible personal property used in Crown Fiber Optics' fiber optics, construction and related operations, along with all open, ongoing or uncompleted customer contracts, subcontracts, master service agreements, work orders, purchase orders and other related agreements.

What is the purchase price for the Crown Fiber Optics assets and how is it paid?

The total purchase price is $2,000,000, payable in four equal installments on or before January 5, 2026, January 17, 2026, February 1, 2026, and March 1, 2026.

When did the Crown Electrokinetics asset sale become effective?

The Asset Purchase Agreement was dated January 2, 2026 and became effective on January 5, 2026, which is also when the closing of the transaction occurred.

Does Crown Fiber Optics retain any security interest in the sold assets?

Yes. To secure full and timely payment of the $2,000,000 purchase price, Crown Fiber Optics retains a first-priority security interest in all of the purchased assets until the purchase price is paid in full under the agreement.

Which entities are parties to Crown Electrokinetics' asset sale?

The parties are Crown Fiber Optics Corp., a wholly owned subsidiary of Crown Electrokinetics Corp., as the seller, and Paramount Infrastructure Corp, a Colorado corporation, as the buyer.