Crown Electrokinetics Corporation (CRKN) News

CRKN delisted from the Nasdaq to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

Another POS this is. It turned my $100 invested into $4.00 All bs company's that should NOT be allowed to be public !

CRKN, new 52 week low

What does that mean? Good or bad?

Worst scam crap turd pile of garbage stock i have ever seen. Surprised this pile of garbage feces junk is not revoked yet

You mean “killing” it….lol

the company is on to some real growth with these slant well projects. that new guy they hired is about as top notch as they get in the field. should the company get any sizeable contracts for more water discovery solutions, he is the man to handle it. the world is thirsty for clean water especially since Gavin of California has all but killed the state by making it dry. I am down bigly right now but will certainly be a buyer again when this dilution eases up and upon new well contracts.

Mullin just RS'd. Lost in that turkey. Shorts killed it.

CRKN! 10Q due MONDAY

Oh I don't get charged fees, but I am supposed to end up with two shares not only one and my cost basis is $108 not $25 and that is not right on either fact. I need to contact my brokerage !

WTF ? I had 200 shares and the reverse spilt SHOULD have left me with 2 SHARES ! Not one ! Not only that, but my account says I am only down $20.00 instead of the true $102.00+ I put into this piece of chit ! How is this possible ? Don't these brokers know what the phuck to do ? If I have to sell for a LOSS. I want the correct amount of $$$ for my tax filings !

" Upon effectiveness of the reverse stock split, every 150 shares of the Company's issued and outstanding common stock will be automatically converted into one share of issued and outstanding common stock. Fractional shares resulting from the reverse stock split will not be issued; instead, fractional shares will be rounded up to the nearest whole share. "

Check MULN. As often as they see fit. Check their 3 year chart. Brrrrrrrrr.

Worst scam crap turd pile of garbage stock i have ever seen. How can it show that i had -negative amount of shares after second r/s in less than a year? This pile of garbage should be revoked asap. This junk feces scam is the second worst in whole stock market after rn*a with 9 r/s-s.

Yeah lmao I'm looking i have 37 shares in my robinhood. They were completely free shares. Only worth 2.37 right now. So I guess that's gonna be much higher tomorrow, interesting

I have $CRKN In multiple trading accounts so I guess I'm gonna benefit from that, however each broker may or may not charge for reverse split fee
W.e it helps the fees 

All I know is that I am down $96.00 out of $108 I put into this piece of shit a while back. I have 200 shares now since I had to average down by force. Now I hope I get my rounded to whole share as stated giving me 2 shares tomorrow !

I thought you could only do 1 RS a year ? 2 within 7 mos.

They have till Dec. 31, 2025 to decide. It's in the filings! Let's go!

$CRKN
Mr. Mayer Brings Over 45 Years Pipeline Industry Experience with an Expertise in XXL Diameter Pipelines

Crown Establishes Construction Division Offering Fiber Optics, Lead Pipe Detection and XXL Pipeline Solutions

LOS ANGELES, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (CRKN.NaE) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced the appointment of Andrew (“Andy”) Mayer as President of Crown Construction, effective immediately. This strategic hire reflects Crown’s commitment to deliver innovative solutions for critical infrastructure challenges. Under Mr. Mayer’s management, Crown’s Construction Division will provide fiber optics services, Element 82’s lead pipe detection, and XXL diameter pipeline solutions.

Andy Mayer is a seasoned pipeline industry expert with over 45 years of experience in consulting, design, and construction of utility systems across Europe, Asia, the Middle East, and North America. As a key member of British Gas, Mr. Mayer contributed to the development of cutting-edge technologies and program management for the replacement of 10 billion feet of gas pipelines.

Most recently, Mr. Mayer served as President of Murphy Pipelines, where he pioneered the advancement of trenchless technologies, including static pipe bursting, slip lining, and CompressionFit high-density polyethylene (HDPE) methods. These techniques are widely recognized as environmentally sustainable and minimally disruptive solutions for infrastructure rehabilitation. Mr. Mayer’s work has directly contributed to the successful rehabilitation of millions of feet of pipelines across North America.

He also brings significant disaster recovery experience, having played a key role in the rehabilitation efforts following Hurricane Katrina, Hurricane Irma, and the aftermath of 9/11. Mr. Mayer’s ability to manage complex projects under extraordinary circumstances underscores his leadership capabilities.

With Mr. Mayer’s appointment, Crown will now offer XXL diameter HDPE pipeline solutions, with diameters exceeding 54 inches. These HDPE pipes are essential for infrastructure rehabilitation due to their exceptional durability, corrosion resistance, and earthquake-proof capabilities. Tested to last over 100 years, they offer greater flow capacity than traditional concrete pipes and can be produced in diameters of up to 3.5 meters. Crown is uniquely positioned as the only U.S. contractor equipped with fusion plates capable of welding sections of HDPE pipe into miles long pipelines. These innovative solutions address critical water infrastructure challenges, ensuring reliable and sustainable water delivery for communities.

“We are honored to have Andy join Crown,” said Doug Croxall, CEO and Chairman, Crown. “His pipeline industry experience is truly unparalleled, and his visionary leadership sets a new standard. Andy’s impressive track record in pipeline rehabilitation and trenchless technologies will be pivotal in advancing our mission to deliver innovative and sustainable solutions for utility infrastructure. His appointment highlights Crown’s commitment to excellence and industry leadership.”

"I am thrilled to join Crown and lead its Construction Division in redefining infrastructure standards," said Andy Mayer, President, Crown Construction. "Throughout my career in the pipeline industry, I’ve been committed to advancing technology and solutions to address large scale infrastructure projects. I’m eager to bring my expertise, and top-tier team to Crown to drive the division’s expansion. Together, we’ll tackle critical infrastructure challenges and redefine standards for reliability and performance."

“Crown recognizes the urgency of addressing California’s water challenges, especially considering President Donald Trump’s recent statement regarding plans for an executive order to make water more accessible in the state. With innovative solutions like XXL Diameter HDPE Pipelines, Crown is uniquely positioned to align with such initiatives, delivering sustainable infrastructure to meet the growing demands of California’s residents, agriculture, and ecosystem,” concluded Mr. Croxall.

In addition to his professional accomplishments, Mr. Mayer has received several prestigious accolades, including the PE Alliance Lifetime Achievement Award (2021), the Underground Construction Technology Association “Most Valuable Professional” Award (2010), and the AWWA Chairman’s Award (2002). He is widely regarded as an industry advisor, where he continues to shape best-in-class standards and practices.

As part of his appointment, Mr. Mayer will be granted Restricted Stock Units (RSU’s) with an expected value of approximately $4.5 million as an inducement equity award outside of Crown's 2022 Employee Incentive Plan, in accordance with NASDAQ Listing Rule 5635(c)(4). The vesting schedule will be as follows; Twenty-five percent (25%) of the RSUs will cliff vest upon the one-year anniversary of the Effective Date, with one-thirty-sixth (1/36) of the RSUs vesting at the end of each month thereafter, with the final tranche of RSUs vesting on the fourth anniversary of the Effective Date, subject in each case to the Executive’s continued employment through each such vesting date. Final details of the RSU inducement award will be confirmed by Compensation Committee of the Board of Directors at a point in the near future.

About Crown
Crown is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment. Comprised of three business divisions, Smart Windows, Fiber Optics, and Water Solutions, Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit www.crownek.com.

Forward Looking Statements
Certain statements in this news release may be "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or Crown’s future financial performance that involve certain contingencies and uncertainties, including those discussed in Crown’s Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” . Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Crown Electrokinetic Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

For more information, please contact:

Investor Relations
ir@crownek.com

Public Relations
pr@crownek.com

Image: https://www.globenewswire.com/newsroom/ti?

Very strange stock. I have less than 200 shares and they disappeared yesterday and reappeared today without my cash payout. I am down 86% on this POS.

Reverse Split day setup

Congrats to you. I am still stuck. But just curious...where is MCVT running too? There is no room for $$$. It's almost at it's limit of the 52 week high. Can't make bumpkus on a move of a few cents. That is unless you can invest $10 million dollars. I only can invest $100.

solid day here. moving profits to MCVT. low floater setting up for a potential squeeze

And still going up. We may trade 1 Billion shares today.

Wow ! Over a half billion shares traded today !

No value for your money.Multiple R/S means shareholders lose all investments.Good luck and good trading.

Nice... Glad it worked out

Just when I thought I made a mistake buying this stock a year ago, it comes back to life and now has good prospects. Even hit the mainstream (lying) ABC News. Lucky I held. Hoory chit for me!

CRKN Diluting machine

I always love when they say between 1 to 2 or 1 to 200RS .Let me tell you now it will be 1 for 200 shares RS.When will it happen,well again,way before Dec.31st,2025.Maybe like next week sometime,that's my guess.This goose is cooked and will be for sometime.Good luck and good trading.

Wen reverse split and revocation?

hard to say, but very good chance this is either abandoned or the SEC is not going to permit it.

The actual timing of the filing of the Certificate of Amendment with the Secretary of State of Delaware to effect the Reverse Split will be determined by our Board of Directors. In addition, if for any reason our Board of Directors deems it advisable to do so, the Reverse Split may be abandoned at any time prior to the filing of the Certificate of Amendment, without further action by our stockholders.

Our Board of Directors believes that approval of this proposal to effect the Reverse Split and to determine the ratio as opposed to approval of an immediate reverse stock split at a specific ratio, and to effect such reverse stock split at any time prior to December 31, 2025, will provide our Board of Directors with maximum flexibility to react to current market conditions and therefore to achieve the purposes of the Reverse Split, if implemented, and to act in the best interests of our stockholders.


Reasons for Approving the Reverse Split

The intention of the Board of Directors in obtaining approval for the authority to effect a Reverse Split would be to increase the stock price of our Common Stock sufficiently above the $1.00 minimum bid price requirement to regain its listing on the Nasdaq Capital Market (“Nasdaq”). The Board of Directors, in its sole discretion, can elect to abandon the Reverse Split in its entirety at any time.

'"The new Nasdaq rule took effect on October 7, 2024. As a result, any Nasdaq-listed company that fails to meet the Bid Price Requirement will need to evaluate the potential impact of a reverse stock split on the company’s compliance with other Nasdaq continued listing requirements, which includes maintaining at least (i) 500,000 publicly held shares, (ii) 300 public stockholders and (iii) a value of publicly held shares of at least $1 million."

"Additionally, the NYSE proposal would amend Section 802.01C of the Listed Company Manual to provide that if a company’s share price fails to meet the minimum-price criteria, and (i) the company has undertaken a reverse stock split within the past year or (ii) has performed one or more reverse stock splits over the past two years with a cumulative ratio of 200 shares or more to one, then the company will not be eligible for any compliance period specified in Section 802.01C of the Listed Company Manual. In such cases, the NYSE will immediately begin suspension and delisting procedures

Although the SEC has not yet approved the NYSE proposal, its similarities to the new Nasdaq rule suggest that some form of limitation on the use of reverse stock splits will likely be imposed for companies listing on the NYSE." https://www.skadden.com/insights/publications/2024/11/sec-approves-nasdaq-rule-change

so I heard the new rules prohibit RS when attempting to regain compliance. wondering if anyone knows exactly how this works.
Even with shareholder approval they may not get approved for the RS if in fact the new rules do not apply as the SEC is getting real picky about these companies that have a history of such action.

Wen reverse split?

You missed my point. I don't mean in numbers, I mean in value. Never have I seen any company that has reverse splits do well and increase shareholder value. They do it only to maintain compliance to keep the price high enough since it keeps going down in value. But I can name TONS of company's that have forward splits and people become rich because the stock keeps increasing in worth. Example AMAZON.

Watching this tells me this is going under .10 easily. Probably RS again before end of February. 

Gl

Daytrade the gaps before the traps imo.

That's TWO of us. Way to go!

Glad I got in @ .15

CRKN -- VERY HAPPY NEW YEAR TRADING ACCOUNT!

Your math ain’t mathing lol… when reverse split happens, amount of shares decreases at first which makes stock’s price per share rise. Then the dilution drives pps down. So do your homework next time before saying something as stupid as you did say about reverse and forward splits lmfao

crkn..........................................................a/h

R/S makes stocks go down not up. Only F/S splits make stocks rise. So that is not it.

Massive reverse split i guess duhhhh

Kewl

JUST check out the Twin Dolphins Club on google earth then use the historical slide to see all of the progress since 2017 simply sprawling. Looks as if a newly completed water containment facility exists. GLTA!!