secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001493152-24-023486
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 5.03, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000149315224023486/0001493152-24-023486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000149315224023486/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-023486

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