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AI brief of an SEC Form 8-K · Fabric.AI, Inc. (FABC)

Fabric.AI Signs Kopin Development Deal, Plans $21.5 Million Private Placement

Mixed Impact 4 of 5 product/contract Written later

Fabric.AI, Inc. entered a Joint Development and License Agreement with Kopin Corporation on April 27, 2026, to develop MicroLED-based interconnect technology, and it agreed to pay Kopin up to $15 million in development funding and issue Kopin Series J preferred stock equal to 19.9% of pro forma fully diluted common shares. The company also plans a $21.5 million private placement of Series K convertible preferred stock, mostly from existing shareholders, with full conversion subject to stockholder approval, so the deal carries both development spending and potential dilution for shareholders.

Key points

  • Development funding of up to $15,000,000 to Kopin, including an initial $5,000,000 purchase order due within 10 business days of April 27, 2026
  • Series J Convertible Preferred Stock issued to Kopin equal to 19.9% of pro forma fully diluted common shares, with anti-dilution adjustments
  • $21.5 million Series K private placement of 21,500 shares at a $1,000 stated value, with an initial conversion and warrant exercise price of $2.51 per share, expected to close on or about April 29, 2026
  • Name change from StableX Technologies, Inc. to Fabric.AI, Inc. and ticker change to FABC on Nasdaq beginning April 29, 2026

The filing

CompanyFabric.AI, Inc. (FABC)
Form8-K, current report
Filed with the SECApr 28, 2026, 8:38 AM ET
Accession number0001493152-26-019257

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale3.03 Change to Shareholder Rights5.02 Director / Officer Change5.03 Bylaw / Charter Amendment5.08 Shareholder Director Nominations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.