Kopin Corp Converts Theon's $7M Preferred Stock into 2.38M Common Shares

Kopin Corporation announced that Theon International Plc exercised its right to convert all 1,000 outstanding shares of Series A Convertible Preferred Stock into common stock on May 28, 2026. This conversion, at a price of $3.00 per share, resulted in the issuance of 2,380,973 shares of Kopin's common stock to Theon. The Series A Convertible Preferred Stock has now been retired, with no shares remaining outstanding, following Theon's initial $15 million strategic investment in October 2025, which included an $8.0 million acquisition of a 49% interest in Kopin Europe Ltd. and a $7.0 million purchase of the preferred stock.