Crown Electrokinetics Corp. 8-K

What Happened
Crown Electrokinetics Corp. filed an 8‑K disclosing that its wholly owned subsidiary, Crown Fiber Optics Corp., entered into and closed an Asset Purchase Agreement to sell substantially all fiber‑optics related tangible assets and ongoing customer contracts to Paramount Infrastructure Corp. The APA was dated January 2, 2026, became effective January 5, 2026, and the transaction closed on the Effective Date.

Key Details

• Buyer: Paramount Infrastructure Corp.; Seller: Crown Fiber Optics Corp. (wholly owned subsidiary of Crown Electrokinetics).
• Purchase Price: $2,000,000, payable in four equal installments due on Jan 5, 2026; Jan 17, 2026; Feb 1, 2026; and Mar 1, 2026.
• Purchased Assets: all equipment, tools, inventory, vehicles, machinery and other tangible personal property used in the subsidiary’s fiber optics and construction operations, plus open or ongoing customer contracts, subcontracts, MSAs, work orders and purchase orders as of the Effective Date.
• Security: Seller retains a first‑priority security interest in the Purchased Assets until the Purchase Price is paid in full.

Why It Matters
This 8‑K reports a completed disposition of a material portion of the company’s fiber‑optics business via a $2.0M asset sale. For investors, the transaction converts those assets and contracts into a defined cash payment stream (with a secured interest until paid), and removes the sold assets and contracts from the subsidiary’s operations and balance sheet. The filing signals a material business change but does not detail how proceeds will be used or the broader impact on consolidated results beyond the sale terms disclosed.