Crown ElectroKinetics Corp. announced that it has entered into a note purchase agreement with certain institutional and accredited investors for private placement of 7% senior convertible debentures for gross proceeds of $750,000 on November 13, 2020. The convertible debenture are secured, accrue interest at a rate of 7% per annum and mature on of one year and are subject to 12.5% original issue discount.. Each debenture is convertible into shares of the Company’s common stock, par value $0.0001 per share at a conversion price of $1.25 per share, subject to adjustment as set forth in the debenture. Each Purchaser also received a warrant to purchase a number of shares of the common Stock equal to 50% of the number of shares such purchaser’s debenture is convertible into the warrants have a five-year term, and an exercise price of $1.55 per share, subject to adjustment as set forth therein. . The company will issue securities pursuant to exemption provided under Regulation D.