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Crown ElectroKinetics ( (CRKN) ) has issued an announcement.
On January 2, 2026, effective January 5, 2026, Crown Fiber Optics Corp., a subsidiary of Crown Electrokinetics Corp., entered into an Asset Purchase Agreement to sell all of its equipment, tools, inventory, vehicles, machinery, and other tangible property used in its fiber optics and construction operations, along with all open and ongoing customer and service contracts, to Paramount Infrastructure Corp. for $2 million. The purchase price is to be paid in four equal installments between January 5 and March 1, 2026, with Crown Fiber Optics retaining a first-priority security interest in the purchased assets until full payment, and the transaction closed on January 5, 2026, marking a significant divestiture of the subsidiary’s operational assets and contracts.
The most recent analyst rating on (CRKN) stock is a Sell with a $0.10 price target. To see the full list of analyst forecasts on Crown ElectroKinetics stock, see the CRKN Stock Forecast page.
Spark’s Take on CRKN Stock
According to Spark, TipRanks’ AI Analyst, CRKN is a Underperform.
Crown ElectroKinetics faces significant challenges with profitability and cash flow, reflected in a low financial performance score. Technical indicators show a bearish trend, and the valuation is weak due to the absence of earnings and dividends. These factors contribute to a low overall stock score.
To see Spark’s full report on CRKN stock, click here.
More about Crown ElectroKinetics
Crown Fiber Optics Corp. is a wholly owned subsidiary of Crown Electrokinetics Corp., operating in the fiber optics and construction sector. Its business centers on providing fiber optics-related construction and related operational services through equipment, tools, vehicles, machinery, and a portfolio of customer and service contracts.
Average Trading Volume: 4,942
Technical Sentiment Signal: Strong Sell
Current Market Cap: $191.2K
See more insights into CRKN stock on TipRanks’ Stock Analysis page.