Crown Electrokinetics (CRWV/CRKN) Surges Amid Takeover Buzz – Key Facts & Analysis (Sept 30, 2025)
Crown agreed on June 9, 2025, to be acquired by Crown EK Acquisition LLC for $3.15 per share in cash; a special committee approved the deal as fair. The company’s board voted July 23 to voluntarily delist from Nasdaq after trading was suspended in March, and shares now trade OTC under CRKN. Q1 2025 revenue rose to $2.8 million, but net loss widened to $9.7 million. Board and auditor changes followed as Crown prepares to go private.
