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.
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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