0001761696 false 0001761696 2023-08-24 2023-08-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares




Washington, D.C. 20549






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): August 24, 2023


Crown Electrokinetics Corp.

(Exact name of registrant as specified in its charter)


Delaware   001-39924   47-5423944
(State or other Jurisdiction
of Incorporation)
  (Commission File No.)   (IRS Employer
Identification No.)


1110 NE Circle Blvd.

Corvallis, Oregon 97330

(Address of principal executive offices and zip code)


(213) 660-4250

(Registrant’s telephone number, including area code)



(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading Symbol(s)   Name of each exchange on
which registered
Common Stock, $0.0001 par value   CRKN   NASDAQ Capital Market


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.






Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.


On August 24, 2023, Crown Electrokinetics Corp. (the “Company”) received notice (the “Audit Committee Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company did not comply with Nasdaq’s audit committee composition requirement under Nasdaq Listing Rule 5605(c)(2) (the “Audit Committee Rule”) following the departure of directors in December 2022. The Audit Committee Rule requires that the Audit Committee of the Company’s Board of Directors (the “Board”) be composed of at least three members, each of whom must meet independence requirements under the Nasdaq Listing Rules and the Securities Exchange Act of 1934, as amended. The Audit Committee Notice also notified the Company that the Staff has determined that the Company has regained compliance with the Audit Committee Rule and the matter is now closed due to the appointment of Scott Hobbs to the Company’s Board and Audit Committee on August 22, 2023, as disclosed on the Company’s Current Report on Form 8-K filed on August 23, 2023. 







Pursuant to the requirements of the Securities Exchange Act of 1934, as amended the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: August 30, 2023


  By: /s/ Doug Croxall
    Name: Doug Croxall
    Title: Chief Executive Officer





Aug. 24, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Aug. 24, 2023
Entity File Number 001-39924
Entity Registrant Name Crown Electrokinetics Corp.
Entity Central Index Key 0001761696
Entity Tax Identification Number 47-5423944
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 1110 NE Circle Blvd.
Entity Address, City or Town Corvallis
Entity Address, State or Province OR
Entity Address, Postal Zip Code 97330
City Area Code 213
Local Phone Number 660-4250
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.0001 par value
Trading Symbol CRKN
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false

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