Kopin Announces Proposed Public Offering of Common Stock and Pre-Funded Warrants
Kopin Corporation (NASDAQ: KOPN) announced plans for an underwritten public offering of its common stock and pre-funded warrants. Underwriters will have a 30-day option to purchase an additional 15% of shares sold. The offering's size and terms depend on market conditions, and no completion guarantee is provided. Proceeds will be allocated toward working capital and general corporate purposes. Stifel is the sole book-running manager for the offering. A preliminary prospectus will be filed with the SEC, and investors should review it before making decisions.
- Proceeds from the offering will be used for working capital and general corporate purposes.
- The option for underwriters to purchase additional shares could indicate confidence in demand for the stock.
- The announcement of a public offering may lead to shareholder dilution.
- Market conditions remain uncertain, posing risks to the offering's completion.
Kopin intends to use the net proceeds from the offering for working capital and general corporate purposes.
Stifel is acting as sole book running manager in connection with the public offering.
A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the
Before investing in the offering, you should read in their entirety the preliminary prospectus supplement and its accompanying prospectus to be filed with the
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Kopin
Forward-Looking Statements
Statements in this press release may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the safe harbor created by such sections. Words such as “intends,” “expects,” “believes,” “can,” “will,” and variations of such words and similar expressions, and the negatives thereof, are intended to identify such forward-looking statements. These forward-looking statements include statements about the offering, Kopin’s intention to grant the underwriters a 30-day option to purchase additional shares in the offering, and Kopin’s intended use of proceeds generated from the offering. We caution readers not to place undue reliance on any such “forward-looking statements,” which speak only as of the date made, and advise readers that these forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, estimates, and assumptions by us that are difficult to predict. All such forward-looking statements, whether written or oral, and whether made by us or on our behalf, are expressly qualified by these cautionary statements and any other cautionary statements that may accompany the forward-looking statements. In addition, we disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as may otherwise be required by the federal securities laws. These forward-looking statements are only predictions, subject to risks and uncertainties, and actual results could differ materially from those discussed. Important factors that could affect performance and cause results to differ materially from management’s expectations are described in Part I, Item 1A. Risk Factors; Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations; and other parts of our Annual Report on Form 10-K for the fiscal year ended
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Kopin Investor Relations
CFO
rsneider@kopin.com
OR
JHorne@marketstreetpartners.com
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