KOPIN CORP 8-K

What Happened Kopin Corporation announced that on June 10, 2026 it entered a Share Repurchase Agreement under which Lightning Silicon Technology, Inc. (LST) repurchased 18,000,000 shares of Series Seed‑1 Preferred Stock from Kopin for $1.00 and LS Assets, Inc. (LSA) repurchased 18,000,000 shares of common stock from Kopin for $1.00; all repurchased shares were cancelled and Kopin no longer holds any equity in LST or LSA. Separately, on April 10, 2026 Kopin and LST executed a Mutual Transition and Services Termination Agreement confirming the Technology License Agreement was terminated (and the Services Agreement had earlier expired). The agreement lays out transition tasks, a small NRE payment, limited royalty terms, and mutual releases.

Key Details

• June 10, 2026: LST repurchased 18,000,000 Series Seed‑1 shares and LSA repurchased 18,000,000 common shares from Kopin for $1.00 each; shares cancelled.
• April 10, 2026: Mutual Transition and Services Termination Agreement executed; Technology License Agreement terminated; Services Agreement had expired in 2025.
• Kopin issued a $25,000 non‑recurring engineering (NRE) purchase order, payable within 30 days, for transition activities and received deliverables (data transfer, design files, limited technical support).
• Licensing/royalty terms: LST has a limited royalty‑bearing license to fulfill existing firm orders through July 15, 2026; Kopin received a perpetual, irrevocable, worldwide, royalty‑free license to certain LST OLED microdisplay technology; Kopin will pay LST $7.50 per display on certain customer orders secured between April 10 and October 30, 2026.
• Both parties exchanged mutual releases of claims related to prior agreements.

Why It Matters For investors, the filing shows Kopin has divested its remaining equity stakes in LST and LSA and formally ended the prior technology and services arrangements. Financially, the actions involve modest cash and royalty obligations (a $25,000 NRE payment and limited per‑display royalties) and Kopin states it does not expect a material effect on consolidated financial statements. Operationally, the transition provisions (data transfer, customer/vendor notifications, and IP/license clarifications) aim to wrap up legacy relationships and preserve Kopin’s ongoing access to certain OLED microdisplay technology under a perpetual royalty‑free license.