Kopin receives Nasdaq Staff Determination letter
Kopin announced that on November 15, it received a NASDAQ Staff Determination letter indicating that the company is not in compliance with NASDAQ Marketplace Rule 5250(c)(1) because it did not timely file its Quarterly Report on Form 10-Q for the quarter ended September 24, 2016. The notice also indicated that Kopin's common stock is subject to delisting from The NASDAQ Global Market unless Kopin provides a plan within 60 calendar days to NASDAQ Qualifications Panel to regain compliance. If Kopin is unable to complete its investigation and file its Form 10-Q within 60 days it will file a plan on how it expects to regain compliance. However, there can be no assurance that the panel will grant Kopin's request for continued listing of its common stock.