secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K
Filed at:   2025-10-16T23:59:59+00:00
Accession:  0001493152-25-018325
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000149315225018325/0001493152-25-018325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000149315225018325/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-018325

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