Termination Agreement between Crown Electrokinetics Corp. and Crown EK Acquisition LLC (July 16, 2025)

Summary

Crown Electrokinetics Corp. and Crown EK Acquisition LLC have mutually agreed to terminate their previously signed Agreement and Plan of Merger, effective immediately upon signing this document. This means that all planned merger transactions between the parties, including the merger itself, are officially abandoned. The agreement is executed by authorized representatives of both companies as of July 16, 2025.

EX-2.1 2 ea024950701ex2-1_crown.htm TERMINATION AGREEMENT, DATED AS OF JULY 16, 2025, AMONG CROWN ELECTROKINETICS CORP. AND CROWN EK ACQUISITION LLC

Exhibit 2.1

 

TERMINATION AGREEMENT

 

Reference is made to Section 10.01(a) of the Agreement and Plan of Merger (the “Merger Agreement”), dated as of June 6, 2025, as amended, among Crown Electrokinetics Corp., a Delaware corporation (the “Company”), Crown EK Acquisition LLC, a Delaware limited liability company (“Parent”), and Crown EK Merger Sub Corp., a Delaware corporation and a wholly-owned subsidiary of Parent (“Purchaser”). Unless otherwise defined herein, terms that are defined in the Merger Agreement have the meanings assigned to them in the Merger Agreement.

 

The Company and Parent hereby mutually agree to terminate the Merger Agreement and abandon the Transactions (including the Merger), in each case effective immediately upon the execution and delivery of this Termination Agreement.

 

IN WITNESS WHEREOF, the parties hereto have caused this Termination Agreement to be duly executed by their respective authorized officers as of July 16, 2025.

 

  CROWN ELECTROKINETICS CORP.
       
  By: /s/ Joel Krutz
    Name:  Joel Krutz
    Title: Chief Operating Officer and
Chief Financial Officer
       
  CROWN EK ACQUISITION LLC
       
  By: /s/ Doug Croxall
    Name: Doug Croxall
    Title: Member and Manager