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LOS ANGELES - Crown Electrokinetics Corp. (NASDAQ:CRKN), a micro-cap company with a market value of just $1.95 million and an InvestingPro Financial Health score of ’WEAK’, announced Wednesday its board of directors has approved a plan to voluntarily delist the company’s securities from the Nasdaq Stock Market.
The company intends to file a Form 25 Notification of Delisting with the Securities and Exchange Commission, which will remove its common stock from listing and registration on Nasdaq.
Nasdaq had previously suspended trading of Crown’s common stock on March 5, 2025, due to noncompliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2). The exchange had notified the company that a Form 25 would be filed, but as Nasdaq has not yet done so, Crown is proceeding with the filing voluntarily.
Crown Electrokinetics describes itself as a provider of technology infrastructure solutions focused on smart windows and construction.
The announcement was made in a company press release issued Wednesday.
In other recent news, Crown Electrokinetics Corp. has announced a definitive merger agreement with Crown EK Acquisition LLC and its subsidiary, Crown EK Merger Sub Corp. This transaction involves a tender offer to acquire all outstanding shares of Crown’s common stock at $3.15 per share. The tender offer is scheduled to begin within the next 15 business days and will remain open for 20 business days, with possible extensions as per the merger agreement and SEC rules. This development marks a significant move for Crown Electrokinetics, as the company’s Chairman and CEO, Douglas Croxall, is leading the acquiring entity. Investors will be closely watching the progress of this merger, as it could have implications for the company’s future operations.
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