From Financial Modeling Prep: 2025-01-30 00:13:46

Crown Electrokinetics Corp. (NASDAQ: CRKN) develops electrokinetic technology for smart glass applications, enhancing energy efficiency by controlling light and heat in windows. The company competes in the smart glass industry, with plans for a 150 for 1 reverse stock split on January 30, 2025, aiming to boost stock price by reducing outstanding shares.

CRKN’s reverse stock split, approved by the Board of Directors on January 25, 2025, follows stockholder approval at a special meeting on January 14, 2025. The company will retain its Nasdaq listing under the same symbol, with a new CUSIP number of 228339 503. This strategic move is common to meet listing requirements or attract new investors.

Currently trading at $0.0609, CRKN’s stock has dropped by 12.12%, or $0.0084, with a day’s range between $0.06 and $0.0759. Over the past year, the stock has ranged from $0.06 to $90, reflecting high volatility. The company’s market capitalization stands at around $14.1 million.



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