---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-016294"
form_type: "8-K"
ticker: "KOPN"
cik: "0000771266"
company_name: "KOPIN CORP"
filed_at: "2025-09-30T23:59:59+00:00"
generated_at: "2026-05-17T05:20:37.251915+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-016294
- form_type: 8-K
- ticker: KOPN
- cik: 0000771266
- company_name: KOPIN CORP
- filed_at: 2025-09-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/771266/000149315225016294/0001493152-25-016294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/771266/000149315225016294/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-016294
- JSON: https://secwatch.observer/filing/0001493152-25-016294.json
- Plain text: https://secwatch.observer/filing/0001493152-25-016294.txt

## Key facts
- Equity Issuances
  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
  source text: “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
  evidence_url: https://www.sec.gov/Archives/edgar/data/771266/000149315225016294/0001493152-25-016294-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.