Breaking News: Crown Faces Nasdaq Delisting, But Plans to Fight Back!
LOS ANGELES, March 04, 2025 (GLOBE NEWSWIRE) —
Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown” or the “Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced that it has received a delisting determination from The Nasdaq Stock Market. The Company intends to submit a request for reconsideration to the Nasdaq Hearings Panel and to otherwise appeal the determination to the Nasdaq Listing and Hearing Review Council as necessary. While Crown pursues those processes, trading in the Company’s common stock will be suspended on Nasdaq effective with the open of the market on Wednesday, March 5, 2025. The Company’s common stock should be eligible to trade on the OTC Market’s Pink Current Information tier effective with the open of the market on March 5, 2024.
How will this affect me?
The delisting of Crown from the Nasdaq Stock Market may have an impact on investors who own shares of the company’s stock. With trading suspended on Nasdaq, shareholders may experience difficulties in buying or selling their shares, potentially leading to financial losses or missed opportunities for profit. Additionally, the shift to OTC trading may result in decreased liquidity and lower share prices, affecting the overall value of the stock in the short term.
How will this affect the world?
As a leading provider of innovative technology infrastructure solutions, Crown’s potential delisting could have broader implications for the tech industry and environmental initiatives. The Company’s ability to access capital markets and attract investment plays a crucial role in its research and development efforts to create sustainable and efficient solutions for communities and the environment. The delisting may hinder Crown’s advancement in these areas, impacting the world’s progress towards a more sustainable future.
Conclusion:
In conclusion, Crown Electrokinetics Corp. facing Nasdaq delisting is a significant development that will have repercussions for investors and the global community. As the Company continues to navigate this challenge and fight back against the delisting determination, the outcomes will be closely monitored for their implications on the stock market, technological innovation, and environmental sustainability efforts.
