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NEWS
Crown Announces Suspension of Equity Line of Credit
Crown Electrokinetics (NASDAQ: CRKN) has announced the suspension of its Equity Line of Credit (ELOC) agreement with Liqueous LP. The company had made an initial, modest use of the ELOC but decided to suspend it as it's no longer deemed necessary for their current financing strategy. Crown continues to generate revenue from its Fiber Optics and Water Solutions businesses, including U.S. fiber optics networks construction, slant wells in Los Cabos, and water service line inspection projects. The company maintains the flexibility to reinstate the ELOC as conditions warrant.
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Rollercoaster05 : goood newss