Kopin Corporation exited its investments in Lightning Silicon Technology and LS Assets on June 10, 2026, terminating its equity position in both entities. The company entered into a Share Repurchase Agreement where LST repurchased 18,000,000 shares of its Series Seed-1 Preferred Stock for $1.00, and LSA repurchased 18,000,000 shares of its common stock for $1.00. All repurchased shares were cancelled and retired immediately. The parties exchanged mutual releases of all claims relating to Kopin's prior shareholdings, leaving Kopin with no remaining equity interest in either LST or LSA.

Separately, Kopin and LST executed a Mutual Transition and Services Termination Agreement on April 10, 2026. This agreement confirmed the termination of the Technology License Agreement on that date and acknowledged the prior expiration of the Services Agreement in 2025. Under the transition terms, Kopin issued a $25,000 NRE purchase order, payable within 30 days, to facilitate a series of transition activities.

LST agreed to provide specific transition services, including the transfer of customer and vendor data, written notifications to stakeholders, and forwarding customer inquiries for 120 days. The scope of work also includes providing design files for three displays and up to eight hours of technical assistance, with options for additional paid support. These measures ensure a structured separation of operations and client relations.

The agreement outlines specific licensing arrangements to manage ongoing business obligations. LST received a limited royalty-bearing license solely to fulfill existing firm orders through July 15, 2026. Conversely, Kopin secured a perpetual, irrevocable, worldwide, royalty-free license to certain LST OLED microdisplay technology. This grants Kopin long-term access to critical intellectual property without ongoing costs.

Financial terms include a royalty obligation for Kopin, which will pay LST $7.50 per display on certain customer orders secured between April 10, 2026 and October 30, 2026. Both parties granted each other a mutual release of all claims related to the prior Technology License Agreement and Services Agreement, finalizing the legal and operational disentanglement between the companies.