Kopin (NASDAQ: KOPN) exits LST, ends licenses and sets OLED royalty terms

Rhea-AI Filing Summary

Kopin Corporation has exited its equity positions in Lightning Silicon Technology (LST) and LS Assets (LSA). On June 10, 2026, LST repurchased 18,000,000 shares of its Series Seed-1 preferred stock from Kopin for $1.00, and LSA repurchased 18,000,000 common shares from Kopin for $1.00, with all such shares cancelled.

A separate Mutual Transition and Services Termination Agreement confirms the prior termination of a Technology License Agreement and expiration of a Services Agreement, and sets limited transition services funded by a $25,000 purchase order plus royalties of $7.50 per qualifying display. Kopin receives a perpetual, worldwide, royalty-free license to certain LST OLED microdisplay technology. The company states it does not expect these actions to have a material effect on its consolidated financial statements.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

LST preferred shares repurchased: 18,000,000 shares LSA common shares repurchased: 18,000,000 shares NRE purchase order: $25,000 +3 more

6 metrics

LST preferred shares repurchased 18,000,000 shares Series Seed-1 Preferred Stock repurchased from Kopin on June 10, 2026 for $1.00

LSA common shares repurchased 18,000,000 shares Common stock repurchased from Kopin on June 10, 2026 for $1.00

NRE purchase order $25,000 Issued by Kopin under the Mutual Transition and Services Termination Agreement

Royalty per display $7.50 per display Royalties payable by Kopin to LST on certain customer orders

Transition royalty period end October 30, 2026 End date for orders on which $7.50 per-display royalties apply

License fulfillment cut-off July 15, 2026 End date for LST’s limited license to fulfill existing firm orders

Key Terms

Share Repurchase Agreement, Mutual Transition and Services Termination Agreement, Technology License Agreement, royalty-bearing license, +1 more

5 terms

Share Repurchase Agreement financial

"On June 10, 2026, Kopin Corporation entered into a Share Repurchase Agreement"

A share repurchase agreement is a contract where a company agrees to buy back its own shares from existing holders under specified terms, such as price and timing. For investors this matters because buying back shares reduces the number of shares available, which can increase earnings per share and raise the value of remaining shares, but it also uses the company’s cash—similar to a store buying back products to shrink supply and potentially lift prices.

Mutual Transition and Services Termination Agreement financial

"Kopin and LST executed a Mutual Transition and Services Termination Agreement"

Technology License Agreement financial

"confirms that the Technology License Agreement between LST and Kopin was terminated"

royalty-bearing license financial

"provides: a limited royalty-bearing license for LST solely to fulfill existing firm orders"

A royalty-bearing license is a legal agreement that lets one party use another’s intellectual property—such as a patent, trademark, or copyrighted technology—in exchange for ongoing payments tied to sales, production, or a fixed fee per unit. For investors it signals a predictable cost and revenue sharing: licensors gain a steady income stream with lower operating risk, while licensees may face reduced margins but avoid large upfront development costs, like renting a recipe and paying per cake sold.

perpetual, irrevocable, worldwide, royalty-free license financial

"a perpetual, irrevocable, worldwide, royalty-free license for Kopin to certain LST OLED microdisplay technology"

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Understanding 8-K Material Events →

false 0000771266 0000771266 2026-06-15 2026-06-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): June 15, 2026

KOPIN CORPORATION

(Exact name of registrant as specified in its charter)

Delaware		000-19882		04-2833935
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

125 North Drive, Westborough, MA 01581

(Address of principal executive offices) (Zip Code)

(508) 870-5959

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, par value $0.01		KOPN		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure

On June 10, 2026, Kopin Corporation (“Kopin” or the “Company”) entered into a Share Repurchase Agreement (the “Share Repurchase Agreement”) with Lightning Silicon Technology, Inc. (“LST”) and LS Assets, Inc. (“LSA”). Under the Share Repurchase Agreement, LST repurchased 18,000,000 shares of its Series Seed-1 Preferred Stock from Kopin for $1.00, and LSA repurchased 18,000,000 shares of its common stock from Kopin for $1.00. All such shares were cancelled and retired as of June 10, 2026. The Parties exchanged mutual releases of all claims relating to Kopin’s prior shareholdings in LST and LSA. As a result of the repurchases, Kopin no longer holds any equity interest in either LST or LSA.

Separately, on April 10, 2026, Kopin and LST executed a Mutual Transition and Services Termination Agreement (the “Mutual Transition and Services Termination Agreement”). The Mutual Transition and Services Termination Agreement (i) confirms that the Technology License Agreement (as defined therein) between LST and Kopin was terminated on April 10, 2026 and (ii) acknowledges the prior expiration of the Services Agreement (as defined therein) in 2025.

Pursuant to the Mutual Transition and Services Termination Agreement, under the transition terms, Kopin issued a $25,000 NRE purchase order, payable within 30 days, and LST agreed to provide a series of transition activities, including: the transfer of customer and vendor data; written notifications to customers and vendors; forwarding customer inquiries for 120 days; providing design files for three displays; and up to eight hours of technical assistance, with options for additional paid support.

The Mutual Transition and Services Termination Agreement also provides: a limited royalty-bearing license for LST solely to fulfill existing firm orders through July 15, 2026; and a perpetual, irrevocable, worldwide, royalty-free license for Kopin to certain LST OLED microdisplay technology. Additionally, Kopin will pay LST a royalty of $7.50 per display on certain customer orders secured between April 10, 2026 and October 30, 2026. Each party also granted the other a mutual release of all claims related to the prior Technology License Agreement and Services Agreement.

The Company does not expect these actions to have a material effect on its consolidated financial statements.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Kopin Corporation
	(Registrant)
	By:	/s/ Erich Manz
	Name:	Erich Manz
	Title:	Treasurer and Chief Financial Officer
		(Principal Financial and Accounting Officer)

Date: June 18, 2026

FAQ

What equity stakes did Kopin (KOPN) dispose of in LST and LSA?

Kopin fully exited its equity in Lightning Silicon Technology and LS Assets. LST repurchased 18,000,000 Series Seed-1 preferred shares and LSA repurchased 18,000,000 common shares from Kopin for $1.00 each, and all repurchased shares were cancelled and retired on June 10, 2026.

How will the LST and LSA share repurchases affect Kopin’s financials?

Kopin states these actions are not expected to have a material effect on its consolidated financial statements. The repurchases remove Kopin’s equity interests in LST and LSA, with nominal consideration of $1.00 for each 18,000,000-share block that was repurchased and cancelled.

What is included in Kopin’s Mutual Transition and Services Termination Agreement with LST?

The agreement confirms termination of a Technology License Agreement and prior expiration of a Services Agreement. It sets transition activities funded by a $25,000 NRE purchase order, covers data and file transfers, customer notifications, limited technical assistance, and defines ongoing royalty and licensing rights between Kopin and LST.

What royalty and license terms did Kopin agree to with LST regarding OLED microdisplays?

LST receives a limited royalty-bearing license solely to fulfill existing firm orders through July 15, 2026. Kopin grants LST this right while receiving a perpetual, irrevocable, worldwide, royalty-free license to certain LST OLED microdisplay technology, plus Kopin will pay $7.50 per display on specified customer orders.

Over what period will Kopin pay royalties to LST, and on what basis?

Kopin will pay LST royalties of $7.50 per display on certain customer orders secured between April 10, 2026 and October 30, 2026. These royalties apply only to the defined set of orders within that period, as described in the Mutual Transition and Services Termination Agreement.

Did Kopin and LST resolve prior claims related to their agreements and shareholdings?

Yes. The Share Repurchase Agreement includes mutual releases of all claims relating to Kopin’s prior shareholdings in LST and LS Assets. The Mutual Transition and Services Termination Agreement also provides mutual releases covering the former Technology License Agreement and Services Agreement between Kopin and LST.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB