Crown ElectroKinetics ( (CRKN) ) has issued an announcement.
On August 31, 2024, Crown Electrokinetics Corp. entered into a Common Stock Purchase Agreement with Liqueous, LP, allowing the company to sell up to $100 million of newly issued shares. However, on April 8, 2025, Crown Electrokinetics terminated the agreement due to Liqueous’s failure to pay $5,863,609.63 owed for shares, with the termination taking effect on April 18, 2025. The company sold 133,333 shares for $1,513,484 and incurred no penalties for the early termination.
Spark’s Take on CRKN Stock
According to Spark, TipRanks’ AI Analyst, CRKN is a Neutral.
Crown ElectroKinetics is experiencing strong revenue growth but faces significant challenges with profitability and cash flow management, reflected in its financial performance score. Technical analysis indicators are bearish, pointing to negative market momentum. The valuation remains unattractive due to negative earnings. However, the positive sentiment from the earnings call and strategic corporate actions like the reverse stock split contribute to a slightly improved outlook.
To see Spark’s full report on CRKN stock, click here.
More about Crown ElectroKinetics
YTD Price Performance: -92.03%
Average Trading Volume: 304,688
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.48M
For detailed information about CRKN stock, go to TipRanks’ Stock Analysis page.