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Kopin down 4% in premarket trade on ATM offering agreement

Mar. 08, 2021 9:33 AM ETKopin Corporation (KOPN) StockKOPNBy: Meghavi Singh, SA News Editor14 Comments
  • Kopin (NASDAQ:KOPN) inks an At-The-Market (ATM) Offering agreement with Stifel, Nicolaus & Company for issuance and sale of aggregate gross proceeds of ~$50.0M at $0.01/share.
  • Under the terms of the sales agreement, the company will pay the agent a commission of up to 3.0% of the gross proceeds from share sales.
  • Shares are down 3.63% PM.

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