Crown electrokinetics announces execution of non-binding definitive term sheet for debt capital to be used to purchase two production lines and for growth capital

Los angeles, california, may 31, 2022 (globe newswire) -- crown electrokinetics corp. (nasdaq: crkn) ("crown" or the "company"), a leading smart glass technology company, announced that it has signed a definitive term sheet for debt financing. the debt facility will be used to fund two purpose-built roll-to-roll lines for production of crown's dynamictint™ film as well as to fund working capital through end of calendar year 2023.
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