secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K/A
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001641172-25-024169
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000164117225024169/0001641172-25-024169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000164117225024169/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-024169

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