other material
confidence high
sentiment neutral
materiality 0.40
Theon International converts all Series A Convertible Preferred Stock into 2.38M shares of Kopin common stock
KOPIN CORP
- Theon converted 1,000 shares of Series A Convertible Preferred Stock at $3.00/share, receiving 2,380,973 common shares.
- The conversion on May 28, 2026 retires all outstanding Series A Convertible Preferred Stock; none remain.
- The preferred stock had an annual dividend rate of 4% payable in cash and stock, now eliminated.