Kopin Issues 2.38M Shares to Theon International from Preferred Stock Conversion
KOPN has more than doubled off its 52-week low of $1.36.
Summary
Kopin Corporation issued 2.38 million common shares to Theon International Plc following the conversion of Series A Convertible Preferred Stock at a fixed price of $3.00 per share.
Key Events · Financing and Capital Events · KOPN
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Preferred Stock Converted
Theon International Plc converted all 1,000 outstanding shares of Series A Convertible Preferred Stock into common stock on May 28, 2026.
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Common Shares Issued
Kopin Corporation issued 2,380,973 shares of common stock to Theon International Plc as a result of the conversion.
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Conversion Price
The conversion was effected at a fixed price of $3.00 per share, significantly below the current market price of $6.385.
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Dilution Impact
The issuance of new common shares represents approximately 1.3% dilution relative to the company's current market capitalization.
Analysis · KOPN · Manufacturing
Kopin Corporation issued 2.38 million common shares to Theon International Plc as Theon converted its Series A Convertible Preferred Stock. This conversion, executed at a fixed price of $3.00 per share, stems from a strategic investment made in October 2025. While the conversion is a pre-planned event, it results in a notable dilution of approximately 1.3% of the company's market capitalization. The significant difference between the conversion price and the current stock price (trading near its 52-week high) means Theon holds a substantial paper gain, which could lead to future selling pressure.
At the time of this filing, KOPN was trading at $6.39 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $1.36 to $6.61. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.