SCHEDULE: Theon Group Discloses 5.48% Stake in Kopin Corp

A group of Cypriot entities and an individual, led by Christianos Hadjiminas, have disclosed a beneficial ownership of 5.48% in Kopin Corporation's common stock.

Summary

• Theon International Plc., Venetus Ltd, CHRE Investment Ltd, and Christianos Hadjiminas (collectively, the "Reporting Persons") have filed a Schedule 13G disclosing beneficial ownership in Kopin Corporation.
• The Reporting Persons collectively beneficially own 10,128,513 shares of Kopin Corporation's Common Stock, representing 5.48% of the class.
• This ownership percentage is calculated based on 184,855,629 total outstanding shares, assuming the conversion of 1,000 shares of Series A Convertible Preferred Stock held by Theon International Plc. into 2,333,333 shares of Common Stock.
• The ownership structure is hierarchical: Theon International Plc. is majority-owned by Venetus Ltd, which is majority-owned by CHRE Investment Ltd, and Christianos Hadjiminas is the sole shareholder of CHRE Investment Ltd.
• The Reporting Persons have certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Kopin Corporation.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would significantly alter the perceived sentiment towards Kopin Corporation's operational or financial performance.

Positives

• A group of investors, including Theon International Plc., Venetus Ltd, CHRE Investment Ltd, and Christianos Hadjiminas, has acquired a significant beneficial ownership stake of 5.48% in Kopin Corporation, indicating investor interest.

Negatives

• No negative aspects related to Kopin Corporation's operations or financial health are disclosed in this beneficial ownership report.

Future Outlook

This filing does not contain any forward-looking statements or guidance from Kopin Corporation.

Industry Context

This filing is a standard disclosure of beneficial ownership and does not provide information to analyze broader industry trends or competitor comparisons for Kopin Corporation.

Stakeholder Impact

• Shareholders: The disclosure of a new significant beneficial owner (5.48%) could influence market perception and trading activity, although the investors have certified a passive investment intent.

Key Dates

Keywords

Kopin Corporation, Schedule 13G, beneficial ownership, common stock, Theon International Plc, Venetus Ltd, CHRE Investment Ltd, Christianos Hadjiminas, Cyprus, Greece