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