---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-018325"
form_type: "8-K"
ticker: "KOPN"
cik: "0000771266"
company_name: "KOPIN CORP"
filed_at: "2025-10-16T23:59:59+00:00"
generated_at: "2026-05-17T03:38:32.546686+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kopin closes $15M strategic investment from Theon; Theon acquires 49% of Kopin Europe and $7M convertible preferred

## Summary
- Theon International Plc invested $15M: $8M for 49% of Kopin Europe Ltd. and $7M for Series A Convertible Preferred Stock.
- Convertible at $3.00/share; Kopin can force conversion if stock trades at $5.50+ for 10 of 30 consecutive trading days.
- Preferred stock carries 4% annual base dividend (payable in cash and stock).
- Parties entered licensing and development agreement and funding for joint development of military products.
- Kopin filed Certificate of Designation for Series A Convertible Preferred Stock.

## SEC filing metadata
- accession: 0001493152-25-018325
- form_type: 8-K
- ticker: KOPN
- cik: 0000771266
- company_name: KOPIN CORP
- filed_at: 2025-10-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/771266/000149315225018325/0001493152-25-018325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/771266/000149315225018325/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-018325
- JSON: https://secwatch.observer/filing/0001493152-25-018325.json
- Plain text: https://secwatch.observer/filing/0001493152-25-018325.txt

## Key facts
- Equity Issuances
  KOPIN CORP issued $7.0 million worth of shares of preferred stock to Theon International Plc for $7.0 million.
  - Security: preferred stock
  - Shares: $7.0 million worth of shares
  - Purchaser: Theon International Plc
  - Consideration: $7.0 million
  source text: Theon purchased $7.0 million worth of shares of Series A Convertible Preferred Stock, par value $0.01 per share, of Kopin (the “Preferred Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/771266/000149315225018325/0001493152-25-018325-index.htm
- Governance Changes
  KOPIN CORP: Filing of Certificate of Designation for Series A Convertible Preferred Stock to amend the Certificate of Incorporation (effective 2025-10-15).
  - Change: charter amendment
  - Effective: 2025-10-15
  source text: On October 15, 2025 the Company filed a Certificate of Designation of Series A Convertible Preferred Stock to amend its Certificate of Incorporation of Kopin Corporation to incorporate the terms of the Series A Convertible Preferred Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/771266/000149315225018325/0001493152-25-018325-index.htm

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