Kopin announces $15M strategic investment from Theon; includes $7M preferred stock and $8M Kopin Europe subscription

KOPIN CORP

Theon invests $7M for 1K shares of Series A Convertible Preferred Stock; conversion price $3.00; optional conversion at stock price ≥$4.50.
Theon subscribes $8M for 21,281,350 new shares of Kopin Europe (approx $0.376/share).
Shareholders' agreement establishes 4-member board (2 from Kopin, 2 from Theon); Kopin nominates chair with casting vote; managing director selected by Kopin with Theon input.
Lock-up on Kopin Europe shares for 3 years; right of first refusal, tag-along and drag-along rights; Theon has put option if Kopin is acquired by restricted counterpart.
Cross-license agreement covers IP for Kopin, Kopin Europe, and Theon products; jointly developed IP owned equally by Kopin and Theon.

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