CRKN - Why Crown Electrokinetics (CRKN) Shares Are Falling | Benzinga

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares are trading lower by 17% to $0.08 during Wednesday's session after the company announced an offering of 300 million shares of its common stock from time to time, by Keystone Capital Partners.

The company itself is not selling any securities through this prospectus and will not receive any proceeds from the resale of shares by Keystone Capital Partners. However, under the purchase agreement, the company may sell up to $50 million worth of common stock to Keystone Capital Partners.

So far, $13,672,316 worth of common stock ...

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