Crown Electrokinetics Is Engaged In Discussions With Long-Term Debt-Based Financing Partners About Project-based Funding For Fiber Optics Wins
Portfolio Pulse from Benzinga Newsdesk
Crown Electrokinetics (CRKN) is in talks with long-term debt-based financing partners for project-based funding for its fiber optics wins.

July 25, 2023 | 1:22 pm
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Crown Electrokinetics is discussing long-term debt-based financing for its fiber optics projects. This could potentially increase the company's debt but also enable it to execute its projects.
The news of Crown Electrokinetics seeking long-term debt-based financing for its fiber optics projects is directly related to the company. While this could potentially increase the company's debt, it could also provide the necessary funding for the company to execute its projects. This could have a neutral impact on the company's stock in the short term as the benefits of the potential funding could offset the increase in debt.
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