Crown Electrokinetics Corp. Announces Intent to Voluntarily Delist from Nasdaq
Crown Electrokinetics (NASDAQ:CRKN) has announced its Board of Directors' decision to voluntarily delist from the Nasdaq Stock Market. The company plans to file a Form 25 Notification of Delisting with the SEC to remove its common stock from Nasdaq listing and registration.
This decision follows Nasdaq's previous suspension of CRKN's common stock trading on March 5, 2025, due to the company's failure to maintain the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). While Nasdaq had indicated it would file the Form 25, the company has opted to proceed with the delisting process voluntarily as Nasdaq has not yet made the filing.
Crown Electrokinetics (NASDAQ:CRKN) ha annunciato la decisione del suo Consiglio di Amministrazione di procedere volontariamente alla cancellazione dalla quotazione sul Nasdaq Stock Market. La societ脿 intende presentare alla SEC un modulo Form 25 per notificare la cancellazione della quotazione e la rimozione delle azioni ordinarie dal Nasdaq.
Questa decisione segue la sospensione precedente delle negoziazioni delle azioni ordinarie CRKN sul Nasdaq, avvenuta il 5 marzo 2025, a causa del mancato rispetto del requisito minimo del prezzo di offerta previsto dalla Regola di Quotazione Nasdaq 5550(a)(2). Sebbene Nasdaq avesse indicato l'intenzione di presentare il modulo Form 25, la societ脿 ha scelto di procedere volontariamente con la cancellazione poich茅 Nasdaq non ha ancora effettuato tale deposito.
Crown Electrokinetics (NASDAQ:CRKN) ha anunciado la decisi贸n de su Junta Directiva de retirar voluntariamente sus acciones del Nasdaq Stock Market. La compa帽铆a planea presentar un Formulario 25 de Notificaci贸n de Retiro ante la SEC para eliminar sus acciones comunes del listado y registro en Nasdaq.
Esta decisi贸n sigue a la suspensi贸n previa de la negociaci贸n de las acciones comunes de CRKN en Nasdaq el 5 de marzo de 2025, debido a que la empresa no cumpli贸 con el requisito m铆nimo de precio de oferta seg煤n la Regla de Listado Nasdaq 5550(a)(2). Aunque Nasdaq hab铆a indicado que presentar铆a el Formulario 25, la compa帽铆a ha optado por continuar con el proceso de retiro de forma voluntaria, ya que Nasdaq a煤n no ha realizado dicha presentaci贸n.
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Crown Electrokinetics (NASDAQ:CRKN) a annonc茅 la d茅cision de son conseil d'administration de se retirer volontairement du Nasdaq Stock Market. La soci茅t茅 pr茅voit de d茅poser un formulaire 25 de notification de radiation aupr猫s de la SEC afin de retirer ses actions ordinaires de la cotation et de l'enregistrement au Nasdaq.
Cette d茅cision fait suite 脿 la suspension pr茅c茅dente des transactions des actions ordinaires de CRKN sur le Nasdaq le 5 mars 2025, en raison du non-respect par la soci茅t茅 de l'exigence de prix minimum selon la r猫gle de cotation Nasdaq 5550(a)(2). Bien que le Nasdaq ait indiqu茅 qu'il d茅poserait le formulaire 25, la soci茅t茅 a choisi de poursuivre volontairement le processus de radiation, car le Nasdaq n'a pas encore effectu茅 ce d茅p么t.
Crown Electrokinetics (NASDAQ:CRKN) hat die Entscheidung seines Vorstands bekannt gegeben, sich freiwillig vom Nasdaq Stock Market zur眉ckzuziehen. Das Unternehmen plant, bei der SEC ein Formular 25 zur Delisting-Benachrichtigung einzureichen, um seine Stammaktien von der Nasdaq-Notierung und -Registrierung zu entfernen.
Diese Entscheidung folgt auf die vorherige Aussetzung des Handels mit CRKN-Stammaktien am 5. M盲rz 2025 durch die Nasdaq, aufgrund der Nichterf眉llung der Mindestgebotspreisanforderung gem盲脽 Nasdaq-Listing-Regel 5550(a)(2). Obwohl die Nasdaq angek眉ndigt hatte, das Formular 25 einzureichen, hat das Unternehmen beschlossen, den Delisting-Prozess freiwillig fortzusetzen, da die Nasdaq die Einreichung noch nicht vorgenommen hat.
- None.
- Company failed to meet Nasdaq's minimum bid price requirement
- Trading of common stock was suspended on March 5, 2025
- Voluntary delisting from Nasdaq indicates potential financial distress
LOS ANGELES, CA / / July 23, 2025 / Crown Electrokinetics Corp. (Nasdaq:CRKN) ("Crown" or the "Company") today announced that its Board of Directors approved the commencement of the process to voluntarily delist its securities from the Nasdaq Stock Market LLC ("Nasdaq") and its intention to file a Form 25 Notification of Delisting with the Securities and Exchange Commission (the "SEC"), which will remove the Company's common stock, par value
About Crown
Crown is a leading provider of innovative technology infrastructure solutions that benefit communities and the environment. Operating across multiple businesses - Smart Windows and Construction - Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit .
Forward-Looking Information
Certain statements in this news release may be "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or Crown's future financial performance that involve certain contingencies and uncertainties, including those discussed in Crown's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Crown Electrokinetics Corp. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Contact Information:
Investor Relations
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Public Relations
[email protected]
SOURCE: Crown Electrokinetics Corp.
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FAQ
Why is Crown Electrokinetics (CRKN) delisting from Nasdaq?
When was CRKN stock suspended from trading on Nasdaq?
What happens to CRKN shareholders after the Nasdaq delisting?
What is Form 25 that Crown Electrokinetics plans to file?
What was the minimum bid price requirement that CRKN failed to meet?
