KOPIN CORPORATION (NASDAQ:KOPN) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities
On April 20, 2017, Kopin Corporation (Kopin) closed its
previously announced sale of unregistered shares of common stock
to Goertek Inc. (Goertek) resulting in $24,664,250 in gross
proceeds to Kopin. The sale represents 10.1% of the total issued
and outstanding shares of common stock of Kopin. The purchase
price was $3.25 per share. Kopin relied on the exemption from
registration with the Securities and Exchange Commission (SEC)
provided under SEC Rule 506 of Regulation D.
Item 7.01. Regulation FD Disclosure.
On April 24, 2017, Kopin issued a press release entitled Kopin
Completes Strategic Agreement with Goertek – Company Received
$24.6 Million for 10.1% Ownership. A copy of the press release is
attached as Exhibit 99.1 to this report and incorporated herein
by this reference. This information shall not be deemed to be
filed for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, and shall not be deemed to be
incorporated by reference in any filing under the Securities Act
of 1933, as amended.
Item 9.01. Financial Statements and
Exhibits.
(d) Exhibits.
| 99.1 |
Press Release dated April 24, 2017, entitled, KOPIN COMPLETES STRATEGIC AGREEMENT WITH GOERTEK – Company Receives $24.6 Million for 10.1% Ownership. |
About KOPIN CORPORATION (NASDAQ:KOPN)
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products. Kopin consists of Kopin Corporation, Kowon Technology Co. LTD (Kowon), Kopin Software Ltd. and eMDT America, Inc. (eMDT). The components that it sells consist of its active-matrix liquid crystal displays (AMLCD), liquid crystal on silicon (LCOS) displays, application specific integrated circuits (ASICs), backlights and optical lenses. Its transmissive AMLCDs and reflective LCOS micro-displays are manufactured in its facilities in United States and United Kingdom, provide either color or monochrome images, and are offered in various sizes and resolutions. Its ASICs, optical lenses and backlights are manufactured by third parties. KOPIN CORPORATION (NASDAQ:KOPN) Recent Trading Information
KOPIN CORPORATION (NASDAQ:KOPN) closed its last trading session up +0.10 at 3.91 with 245,943 shares trading hands.
