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.

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