Kopin raises $41M in PIPE from Theon, Ondas, Unusual Machines for MicroLED, AI

KOPIN CORP

Gross proceeds of $41M; 19,545,950 shares at $2.10 each; net proceeds ~$38.1M after fees.
Investors include Theon International, Ondas Holdings, and Unusual Machines.
Proceeds to fund color MicroLED development, Neuraldisplay AI, sovereign microdisplays, and FPV drone solutions.
Transaction expected to close Sept 30, 2025, subject to customary conditions; registration rights agreement included.
Stifel served as lead placement agent, Craig-Hallum as co-placement agent.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

KOPIN CORP issued 19,545,950 shares of common stock to accredited investors for approximately $38.1 million net proceeds.

Security: common stock
Shares: 19,545,950 shares
Purchaser: accredited investors
Consideration: approximately $38.1 million net proceeds

Exact text from the filing

“PIPE”) for 19,545,950 shares of its common stock, par value $0.01 per share (the “Shares”). The net proceeds to the Company from the offering are estimated to be approximately $38.1 million, after deducting placement agent fees and commissions and estimated offering expenses payable by the Company. The transaction is expected to close on September 30, 2025, subject

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KOPIN CORP filing history →

Source: SEC EDGAR

accession 0001493152-25-016294

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