Crown electrokinetics prices underwritten public offering of common stock

Los angeles, california, july 20, 2022 (globe newswire) -- crown electrokinetics corp. (nasdaq: crkn) ("crown" or the "company"), a leading smart glass technology company, today announced the pricing of an underwritten public offering of 1,250,000 shares of its common stock at a price of $0.80 per share, resulting in gross proceeds of $1,000,000. the company has also granted to the underwriters a 30-day option to acquire an additional 187,500 shares to cover overallotments in connection with the offering. the offering is expected to close on june 22, 2022, subject to satisfaction of customary closing conditions.
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