TLDR
- Ondas Holdings invested in Kopin Corporation’s $41 million private placement alongside Theon International and Unusual Machines
- Kopin will issue 19,545,950 shares at $2.10 per share to fund MicroLED and AI display technology development
- Investment targets sovereign solutions for microdisplays and optical solutions for drone applications
- Partnership aims to co-develop integrated solutions aligned with Ondas’ defense market strategy
- Deal reflects confidence in Kopin’s technology potential in the expanding defense sector
Ondas Holdings made a strategic investment in Kopin Corporation as part of a $41 million private placement announced September 29, 2025. The investment partnership includes Theon International and Unusual Machines as co-investors.
Kopin will issue 19,545,950 shares of common stock at $2.10 per share through the private investment in public equity financing. The deal is expected to close once customary closing conditions are satisfied.
The funding will advance Kopin’s development of color MicroLED technology and Neuraldisplay AI systems. These technologies focus on microdisplay and optical solutions for First Person Visualization applications in drones.
Ondas Holdings develops autonomous aerial and ground robotics platforms for defense and security markets. The company’s investment in Kopin aligns with its strategic focus on mission-critical applications where size, weight, and power efficiency matter.
Eric Brock, Chairman and CEO of Ondas Holdings, said the investment supports a supply chain partner while creating opportunities for integrated solution development. The partnership aligns with Ondas’ long-term strategic roadmap.
Strategic Technology Partnership
Kopin’s advanced optical display solutions deliver performance and durability for next-generation security systems. The company specializes in application-specific optical systems and high-performance microdisplays.
Theon International serves as an anchor investor in the deal. Nikos Vasiliadis from Theon expressed confidence in Kopin’s color MicroLED technology and its potential in the defense sector.
The investment reflects Theon’s strategic focus on expanding digital product offerings. This represents a key pillar of the company’s future growth plans.
Unusual Machines CEO Allan Evans highlighted the historical partnership between Fat Shark goggles and Kopin panels. The FPV industry was built on this partnership, with more than 100,000 display modules shipped annually.
Defense Market Focus
Unusual Machines plans to use the investment to drive made-in-USA production of next-generation products. The company aims to rekindle its partnership with Kopin and onshore FPV headset production.
Kopin’s CFO Erich Manz described the transaction as a targeted partnership with strategic investors. The investors share Kopin’s long-term vision and bring strategic value to the company.
The investment underscores confidence in Kopin’s technology and growth opportunities. It supports the company’s transformation strategy in the defense technology space.
Stifel acted as exclusive financial advisor and lead placement agent for Kopin. Craig-Hallum served as co-placement agent for the transaction.
The securities in the private placement have not been registered under the Securities Act of 1933. Kopin agreed to file a registration statement with the SEC for resale of the shares.
Ondas Holdings stock gained 10.97% following the investment announcement. The company’s current market cap stands at $2.46 billion with an average trading volume of 37.78 million shares.
The most recent analyst rating on Ondas Holdings stock is a Buy with an $8.00 price target. TipRanks‘ AI Analyst Spark rates ONDS as Neutral due to strong technical momentum offset by financial challenges.
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