Kopin

Canaccord Genuity Acted as Sole Bookrunner to Kopin Corporation on its $27.0 Million Public Offering

Canaccord Genuity is pleased to announce that on September 23rd, 2024, its client Kopin Corporation (“Kopin” or the “Company”) (NASDAQ: KOPN) has closed an underwritten public offering of 37,550,000 shares of its common stock, at a public offering price of $0.65 per share. In addition, in lieu of common stock to certain investors, Kopin issued pre-funded warrants to purchase 4,000,000 shares of its common stock at a purchase price of $0.64 per pre-funded warrant, which equals the public offering price per share of the common stock less the $0.01 exercise price per share of each pre-funded warrant. Canaccord Genuity acted as sole bookrunner for the offering.

The total gross proceeds to Kopin Corporation from this offering were $27.0 million.

The Company currently intends to use the net proceeds from the offering for general corporate purposes, including working capital, funding internal research and development and neural display, capital expenditures, and any payments related to pending litigation judgements owed or appeals made.

Kopin Corporation is a leading provider of application-specific optical systems and high-performance micro displays for defense, enterprise, industrial, consumer and medical products. The Company’s products are utilized in high-resolution portable defense and enterprise products which are used in hostile environments, defense training and simulation systems, 3D metrology equipment and a limited number of consumer applications. Kopin’s products enable customers to develop and market an improved generation of products for these target applications.