Crown Electrokinetics Enters Merger Agreement with Crown EK Acquisition

Deal News | Jun 09, 2025 | EIN

Crown Electrokinetics Enters Merger Agreement with Crown EK Acquisition

Crown Electrokinetics Corp. (NASDAQ: CRKN) has announced its entry into a definitive Agreement and Plan of Merger with Crown EK Acquisition LLC and its wholly owned subsidiary, Crown EK Merger Sub Corp. The merger proposal involves a cash tender offering for all outstanding shares of Crown's common stock at a price of $3.15 per share. This transaction has been unanimously approved by a special committee of independent directors and aims to transform Crown into a wholly owned entity under Parent's control, which is managed by Crown's Chairman and CEO Douglas Croxall. The transaction does not depend on financing conditions and is structured to take place soon after the tender offer period, subject to conditions and applicable SEC regulations. The merger is geared towards consolidating Crown’s position in the optical and fiber infrastructure solution sector, promising future growth and redefining industry standards.

Sectors

  • Optical and Fiber Infrastructure Solutions
  • Merger & Acquisition

Geography

  • United States – Crown Electrokinetics Corp is based in the United States, and the merger agreement involves entities governed by U.S. securities laws and regulations.

Industry

  • Optical and Fiber Infrastructure Solutions – This involves companies that provide technology known for improving communications and data solutions. Crown Electrokinetics is a leader in this sector.
  • Merger & Acquisition – The industry sector involves corporate actions wherein businesses consolidate by purchasing or being purchased by another entity. This article is centered around the merger agreement between Crown and Crown EK Acquisition.

Financials

  • $3.15 per share – The tender offer price for each outstanding share of Crown's common stock as part of the merger agreement.

Participants

NameRoleTypeDescription
Crown Electrokinetics Corp.Target CompanyCompanyA leader in the development of optical and fiber infrastructure solutions.
Crown EK Acquisition LLCBidding CompanyCompanyThis company will acquire Crown Electrokinetics through a merger agreement and is controlled by Crown's current Chairman and CEO, Douglas Croxall.
Douglas CroxallChairman and CEO of CrownPersonThe individual controlling Crown EK Acquisition LLC which will acquire Crown Electrokinetics.
Securities and Exchange Commission (SEC)Regulatory BodyGovernmentA U.S. government agency responsible for enforcing federal securities laws.