Crown Electrokinetics Announces New Series G Preferred Stock with 51% Voting Power

Reuters05-20
Crown Electrokinetics Announces New Series G Preferred Stock with 51% Voting Power

Crown Electrokinetics Corp. has announced amendments to its bylaws, including the creation of a new series of preferred stock, designated as Series G Preferred Stock. This new stock series consists of one share with a par value of $0.0001. The holder of this share will have significant voting rights, amounting to 51% of the total voting power of the company. The Series G Preferred Stock is not convertible into other securities, does not receive dividends, and has no claim to the company's assets upon liquidation.

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