Jaeson Schmidt

Glenn Mattson

George Gianarikas

Kevin Dede

Victor Santiago

- 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)