Kopin Corporation Announces $41 Million Private Placement Backed by Strategic Investors
Reuters
Sep 29
Kopin Corporation Announces $41 Million Private Placement Backed by Strategic Investors
Kopin Corporation $(KOPN)$, a leader in application-specific optical systems and high-performance microdisplays, has announced a private placement expected to raise approximately $41 million in gross proceeds. Under the terms of the deal, Kopin will issue 19,545,950 shares of common stock at $2.10 per share to a group of strategic investors, including Theon International, Ondas Holdings, and Unusual Machines. The funds will support the development of color MicroLED technology, Neuraldisplay™ Artificial Intelligence, commercialization of microdisplay and optical solutions for drones, and general corporate purposes. Stifel served as exclusive financial advisor and lead placement agent, with Craig-Hallum acting as co-placement agent. The transaction is expected to close upon satisfaction of customary conditions.
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