Liqueous, a multi-strategy fund specializing in liquidity solutions, finalized a $100 million equity line of credit (ELOC) with Crown Electrokinetics. This financing arrangement is part of Liqueous’ expansion, focused on delivering tech-driven financial structures to micro, small and mid-market issuers.
“Retiring all of the company’s preferred stock in May was a pivotal moment for us, allowing us to streamline our capital structure with no remaining convertible debt or preferred stock. This has set the stage for us to focus on developing our business segments and pursuing acquisitions on more favorable terms for the company and its shareholders,” Doug Croxall, CEO of Crown Electrokinetics, said. “We look forward to continuing our partnership with Liqueous as our finance partner.”
The ELOC is designed to support Liqueous’ other strategic partnerships and investments in innovative financial technologies and emerging markets.
“This new ELOC provides Liqueous with the tools needed to continue their mission of providing strategic capital solutions to CRKN,” Jacob Fernane, managing partner of Liqueous, said. “The flexibility and scale of this financing are precisely what emerging companies need to thrive. Our recent financial programs with NUBURU and CRKN underscores our commitment to providing flexible, strategic capital with minimal dilution, enabling companies to achieve their growth goals.”
