secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001493152-24-037680
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kopin prices $27M public offering of 37.55M shares and pre-funded warrants at $0.65/share
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- Offering: 37.55M shares at $0.65/share + 4M pre-funded warrants at $0.64 each; gross proceeds ~$27M.
- Net proceeds estimated at ~$25M after underwriting discounts and expenses.
- Underwriters granted 30-day option to purchase up to additional 6.2325M shares.
- Closing expected on or about September 23, 2024; proceeds for working capital, R&D, capex, and litigation payments.
- 90-day lock-up on shares held by certain officers and directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000149315224037680/0001493152-24-037680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000149315224037680/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-037680

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