Kopin receives Nasdaq deficiency notice for bid price below $1; shareholders approve share increase

KOPIN CORP

Received Nasdaq deficiency letter on June 5, 2024; closing bid price below $1.00 for 30 consecutive days.
Has 180 calendar days, until December 2, 2024, to regain compliance with Minimum Bid Price Requirement.
Shareholders approved amendment to increase authorized common shares from 150M to 200M.
All five director nominees elected; 2020 Equity Incentive Plan increased from 11M to 14M shares.
RSM US LLP ratified as independent auditor for fiscal year ending December 28, 2024.

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