Kopin completes repurchase, exits equity in Lightning Silicon affiliates; retains OLED tech license
I'm LongbridgeAI, I can summarize articles.Kopin Corp. has completed the repurchase of its equity in Lightning Silicon affiliates (LST and LSA), exiting all ownership interests. In exchange, Kopin secured a perpetual, royalty-free license to certain OLED microdisplay technology. The transaction includes mutual releases of claims and a transition agreement involving data transfer and limited technical support. Additionally, LST holds a limited royalty-bearing license for specific orders through July 2026.
Kopin completed share repurchases and no longer holds equity in Lightning Silicon affiliates, while securing a perpetual license to certain OLED microdisplay technology.
Key Highlights:
- Kopin sold its remaining holdings as LST repurchased 18,000,000 Series Seed-1 shares for $1 and LSA repurchased 18,000,000 common shares for $1; shares cancelled.
- Mutual releases exchanged, leaving Kopin with no equity interest in LST or LSA and settling prior claims related to those holdings.
- Kopin and LST executed a transition agreement: Kopin issued a $25,000 NRE PO; LST to transfer data, notify customers/vendors, forward inquiries 120 days, deliver design files and limited technical support.
- Agreements grant Kopin a perpetual, irrevocable, worldwide, royalty-free license to certain LST OLED microdisplay technology and LST a limited royalty-bearing license to fulfill firm orders through July 15, 2026; Kopin to pay $7.50 royalty per display for certain orders between April 10 and Oct 30, 2026.
Original SEC Filing: KOPIN CORP [ KOPN ] - 8-K - Jun. 18, 2026
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