Kopin receives non-compliance notice from nasdaq

On october 9, 2019, kopin corporation (kopin or the company) received a notice from the nasdaq stock market (nasdaq) that the company is not in compliance with nasdaq's listing rule 5450(a)(1), as the minimum bid price of kopin's common stock has been below $1.00 per share for 30 consecutive business days. the notification of noncompliance has no immediate effect on the listing or trading of kopin's common stock on the nasdaq global market under the symbol ""kopn."" the company has 180 calendar days, or until april 6, 2020, to achieve compliance with the minimum bid price requirement. to regain compliance, the minimum bid price of kopin's common stock must meet or exceed $1.00 per share for a minimum ten consecutive business days during this 180-day grace period. the company's failure to regain compliance during this period could result in delisting. kopin is presently evaluating various courses of action to regain compliance. there can be no assurance that kopin will be able to regain compliance with nasdaq's rule or will otherwise be in compliance with other nasdaq listing criteria.
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