Jaeson Schmidt

Glenn Mattson

George Gianarikas

Kevin Dede

Victor Santiago

- On **October 16, 2025**, Kopin Corporation completed a **$15 million strategic investment** from Theon International Plc.  **[771266_0001493152-25-018325_form8-k.htm:0]** **[771266_0001493152-25-018325_ex99-2.htm:0]** 
- The investment included Theon acquiring a **49% interest in Kopin’s subsidiary, Kopin Europe Ltd., for $8.0 million** and purchasing **$7.0 million worth of Series A Convertible Preferred Stock** of Kopin.  **[771266_0001493152-25-018325_form8-k.htm:0]** 
- The Series A Convertible Preferred Stock is convertible into common stock at an initial fixed conversion price of **$3.00 per share** and carries an annual dividend of **4%**, payable in cash and stock.  **[771266_0001493152-25-018325_form8-k.htm:0]**  Kopin can force conversion if its common stock trades at **$5.50 per share or higher for 10 Trading Days within a 30 consecutive Trading Day period**.  **[771266_0001493152-25-018325_form8-k.htm:0]** 
- Kopin and Theon are also contemplating an additional **$8 million non-recurring engineering (NRE) agreement** for co-developing a military-grade display.  **[771266_0001493152-25-018325_ex99-2.htm:0]**

Kopin Corporation Completes $15 Million Strategic Investment from Theon International Plc

- THEON's new night vision tactical display system features **Kopin Corporation’s advanced DarkWAVE™ module**, highlighting their collaborative efforts to deliver augmented reality solutions for defense applications.  **[771266_f168e52548a14a37b370e7679ce8c590_0]** 
- A previously disclosed strategic investment agreement between Kopin and THEON received **Direct Foreign Investment (DFI) approval on October 16, 2025**.  **[771266_f168e52548a14a37b370e7679ce8c590_0]** 
- This approval will accelerate the establishment of a new **AR-focused manufacturing and R&D hub in Reston, Virginia**, aimed at bringing production directly to U.S. partners.  **[771266_f168e52548a14a37b370e7679ce8c590_0]**

Kopin's Partnership with THEON Advances U.S. Defense Presence and AR Innovation

- Kopin Corporation has secured **$3.2 million** in new program orders for **MicroLED displays**.  **[771266_3806263867754c34a1b22272bcc1b0a2_0]** 
- These displays are intended for the upgrade of **Heads-Up Displays (HUDs)** in combat aircraft, representing Kopin's **first production order** for this technology in this market.  **[771266_3806263867754c34a1b22272bcc1b0a2_0]** 
- Kopin's MicroLED displays offer advanced features including up to **1 million foot lambert (fL) brightness**, a dimming range exceeding **30,000:1**, and up to **five times greater power efficiency** compared to competing microdisplay technologies.  **[771266_3806263867754c34a1b22272bcc1b0a2_0]** 
- Deliveries for these displays are scheduled for the **second half of 2026**.  **[771266_3806263867754c34a1b22272bcc1b0a2_0]**

Kopin Secures MicroLED Display Orders for Combat Aircraft HUD Upgrade

- Kopin Corporation filed an appeal of a **$19.7 million judgment** and posted a **$23 million bond**.  **[771266_0001493152-25-017758_form8-k.htm:1]** 
- To facilitate this, the company entered into **loan agreements** with Rockland Trust Company on **October 2, 2025**.  **[771266_0001493152-25-017758_ex10-1.htm:0]** **[771266_0001493152-25-017758_form8-k.htm:1]** 
- These agreements establish a **non-revolving Line of Credit** with a Maximum Commitment of **$24,050,000**, secured by **cash collateral**.  **[771266_0001493152-25-017758_ex10-1.htm:0]** **[771266_0001493152-25-017758_form8-k.htm:1]** 
- The Line of Credit is available until **July 1, 2026**, and includes an annual fee of **2% of the USBank Letter of Credit's face amount**.  **[771266_0001493152-25-017758_ex10-1.htm:1]** **[771266_0001493152-25-017758_ex10-1.htm:2]**

Kopin Corporation Secures Loan for Appeal Bond

- Kopin Corporation entered into a private investment in public equity (PIPE) financing, expecting to generate **gross proceeds of approximately $41.0 million**  **[771266_0001493152-25-016294_ex99-1.htm:1]**  and **net proceeds of approximately $38.1 million**.  **[771266_0001493152-25-016294_form8-k.htm:1]** 
- The company will issue **19,545,950 shares of common stock at a price of $2.10 per share**.  **[771266_0001493152-25-016294_ex99-1.htm:1]** 
- Strategic investors in the PIPE include **Theon International, Ondas Holdings, and Unusual Machines**.  **[771266_0001493152-25-016294_ex99-1.htm:1]** 
- The proceeds are designated for the advancement of **color MicroLED, Neuraldisplay™ Artificial Intelligence, commercialization of sovereign solutions for microdisplays and optical solutions for First Person Visualization (FPV) for Drones**, and general corporate purposes.  **[771266_0001493152-25-016294_form8-k.htm:1]** **[771266_0001493152-25-016294_ex99-1.htm:1]** 
- The transaction is expected to close on **September 30, 2025**.  **[771266_0001493152-25-016294_form8-k.htm:1]**

Kopin Corporation Announces $41 Million Private Placement

- Kopin Corporation (KOPN) announced a private investment in public equity (PIPE) financing, expected to generate approximately **$41.0 million** in gross proceeds.  **[771266_aaa7207eade747db95a238827c55fae9_0]** 
- The company will issue **19,545,950 shares** of common stock at a price of **$2.10 per share** to investors.  **[771266_aaa7207eade747db95a238827c55fae9_0]** 
- Strategic investors in the PIPE include Theon International, Ondas Holdings, and Unusual Machines, who are also partners and customers.  **[771266_aaa7207eade747db95a238827c55fae9_0]** 
- Proceeds from the offering will be used for the advancement of color MicroLED, Neuraldisplay™ Artificial Intelligence, commercialization of sovereign microdisplay solutions, and optical solutions for First Person Visualization (FPV) for Drones, as well as for general corporate purposes.  **[771266_aaa7207eade747db95a238827c55fae9_0]**

Kopin Announces **$41 Million** Private Placement

- **Kopin has secured a major contract directly from the U.S. Army** under the Industrial Base Analysis and Sustainment (IBAS) program to accelerate the development of **ultra bright, full color, low power micro LED microdisplays** for soldier-worn augmented reality applications.  **[771266_2144360_1]** 
- This IBAS award positions Kopin as a foundational partner in the modernization of the U.S. warfighter and is expected to support domestic manufacturing capabilities, establishing Kopin as the onshore manufacturer of record for full-color micro LED displays.  **[771266_2144360_1]** 
- Kopin will develop a U.S.-manufactured color micro LED microdisplay for the Army's **$22 billion Soldier Born Mission Command (SBMC) program**, which recently awarded prime contracts to Anduril and Rivet.  **[771266_2144360_1]** 
- The company anticipates recognizing **approximately 20%** of the current **$15.4 million** award revenue this year, with the majority next year, and expects **tens of millions of dollars** in additional IVAS investment for onshore manufacturing in 2026.  **[771266_2144360_3]** **[771266_2144360_4]** 
- These initiatives are projected to generate **hundreds of millions of dollars of potential revenue** for Kopin, solidifying its role as a critical Army supplier for the next decade or more.  **[771266_2144360_1]**

KOPIN (KOPN)