secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001493152-25-016852
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kopin amends preferred stock conversion price to $5.50, enters μLED development deal with Theon
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- Amendment raises mandatory conversion price of Series A Preferred Stock from $4.50 to $5.50 per share.
- Side letter includes development of colour μLED micro-display for Theon with exclusivity and pricing terms.
- Theon to pre-pay $4M development costs for Theon μLED; may convert to 4% loan if plan not justified.
- Side letter also governs U.S. commercialization terms and amounts owed on sales of μLED products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000149315225016852/0001493152-25-016852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000149315225016852/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-016852

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer