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Crown ElectroKinetics ( (CRKN) ) has issued an update.
On January 28, 2025, Crown Electrokinetics Corp. announced a 1-for-150 reverse stock split of its common stock, effective January 30, 2025. This move, approved by the board and shareholders, aims to maintain Nasdaq listing and strengthen the company’s market position. The reverse split is expected to enhance Crown’s credibility and growth prospects, with no change in stockholder ownership percentage except for rounding adjustments. CEO Doug Croxall emphasized the importance of this action for Crown’s future, alongside a strong cash balance, growing revenues, and the recent strategic addition of Andy Mayer to the team, which is expected to bolster the company’s offerings and facilitate key agreements in California’s recovery efforts post-wildfires.
More about Crown ElectroKinetics
Crown Electrokinetics Corp. (Nasdaq: CRKN) is an innovative infrastructure solutions provider focused on benefiting communities and the environment. It operates through three divisions: Smart Windows, Construction, and Water Solutions, delivering advanced solutions that challenge conventional norms and redefine industry standards.
YTD Price Performance: -34.31%
Average Trading Volume: 53,449,231
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $23.68M
Learn more about CRKN stock on TipRanks’ Stock Analysis page.
