Crown Electrokinetics Corp. (NASDAQ: CRKN) Announces Reverse Stock Split

Crown Electrokinetics Corp. (NASDAQ: CRKN) is a company that specializes in developing and commercializing electrokinetic technology for smart glass applications. This technology is used to control light and heat in windows, offering energy efficiency solutions.

Crown competes with other companies in the smart glass industry, aiming to provide innovative solutions for both commercial and residential buildings. On January 30, 2025, CRKN will undergo a reverse stock split at a ratio of 150 for 1. This means that for every 150 shares a shareholder owns, they will receive 1 new share. The reverse split aims to increase the stock price by reducing the number of shares outstanding.

Despite this change, CRKN will continue to trade on the Nasdaq under the same symbol, as highlighted by the company's announcement. The decision for the reverse stock split was approved by Crown's Board of Directors on January 25, 2025, after receiving approval from stockholders at a special meeting on January 14, 2025. This strategic move is often used by companies to meet stock exchange listing requirements or to attract new investors by increasing the stock price. The new CUSIP number for CRKN's adjusted share structure will be 228339 503.

Currently, CRKN's stock is priced at $0.0609, having decreased by 12.12%, or $0.0084. The stock has fluctuated between a low of $0.06 and a high of $0.0759 today. Over the past year, CRKN has seen a high of $90 and a low of $0.06, indicating significant volatility. The company's market capitalization is approximately $14.1 million.