On the risk of delisting of ordinary shares of Kopin Corporation (KOPN)
The International Trading System Limited (hereinafter — ITS) informs on the information concerning delisting risk of ordinary shares of Kopin Corporation (ISIN US5006001011, Shares) from The NASDAQ Stock Market LLC (NASDAQ).
Information on delisting risk of ordinary shares by NASDAQ
On April 15, 2025, Kopin Corporation (the Company) submitted Annual report on Form 10-K to The United States Securities and Exchange Commission. According to the report, the Company has incurred history of substantial net losses, recurring negative cash flows from operations, an accumulated deficit, and the uncertainty surrounding litigation accrual. These conditions led the Company’s management to raise substantial doubt about its ability to continue as a going concern for more than twelve months from the date of these financial statements. For more information, please refer to the report available on the SEC website.
Previously, similar statements were made in the Company’s Quarterly reports on Form 10-Q.
Information regarding possible actions to be taken by ITS
If NASDAQ suspends trading in the Company’s ordinary shares, ITS will prohibit submission of orders and will restrict ability to conclude agreements in respect of the Company’s ordinary shares. If the Company’s ordinary shares are delisted from NASDAQ, ITS will terminate trading in the Company’s ordinary shares. However, in case the Company’s ordinary shares become listed, or admitted to trading on another Recognised Trading Venue, ITS will consider but does not guarantee continuation of trading in the Company’s ordinary shares.
13.11.2024 | On the risk of delisting of ordinary shares of Kopin Corporation (KOPN) |