other material
confidence high
sentiment negative
materiality 0.70
Kopin prices public offering of 14M shares and 6M pre-funded warrants, raising ~$19.9M gross
KOPIN CORP
- Priced 14,000,000 shares of common stock at $1.00 per share.
- Pre-funded warrants to purchase 6,000,000 shares at $0.99 per warrant.
- Gross proceeds approximately $19.9 million; net proceeds ~$18.4 million.
- Offering expected to close January 27, 2023; Stifel sole bookrunner.
- Proceeds to be used for working capital and general corporate purposes.