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Theon International, Ondas Holdings and Unusual Machines make strategic investment in Kopin, underscoring Kopin's long term growth potentialWESTBOROUGH, Mass.--(BUSINESS WIRE)--Kopin Corporation (NASDAQ: KOPN), a pioneering leader in application-specific optical systems and high-performance microdisplays, today announced that it has entered into a securities purchase agreement for a private investment in public equity financing (the “PIPE”) that is expected to result in gross proceeds of approximately $41.0 million.
Pursuant to the terms of the securities purchase agreement, at the closing of the PIPE, Kopin will issue an aggregate of 19,545,950 shares of common stock at a price of $2.10 per share to investors.
Proceeds will be used for the advancement of Kopin's development of color MicroLED, Neuraldisplay™ Artificial Intelligence, commercialization of sovereign solutions for microdisplays and optical solutions for First Person Visualization (FPV) for Drones and for general corporate purposes. Th...
Israeli Air Defense In Cyprus Extends Intel Reach Over Turkey: 'More Dangerous Than S-300s'
Via Middle East Eye
Israel delivered advanced air defense systems to Cyprus last week, marking the third shipment since December amid rising tensions with Turkey, sources familiar with the matter told Middle East Eye.
A video published on Thursday showed a truck passing through the port of Limassol transporting components of the Barak MX system, an aerial interceptor capable of striking threats up to 150km away. The Cypriot news site Reporter confirmed that the Barak MX system has now been fully delivered and is expected to become operational this year.
An IAI Barak MX air defense launcher in Ashdod, Israel, via Reuters.
The delivery comes after Shay Gal, vice president of external relations at Israel Aerospace Industries (IAI), which manufactures the Barak MX, argued in a July article that Israel should reconsider its approach toward Cyprus and devise military plans to “liberate” the island\...