other material
confidence high
sentiment neutral
materiality 0.35
Kopin exits equity stakes in LST and LSA for $1 each; terminates tech license
KOPIN CORP
- Kopin sold 18M shares of LST Series Seed-1 Preferred and 18M shares of LSA common for $1 each; all shares cancelled.
- Mutual releases of all claims related to prior shareholdings; Kopin no longer holds any equity in LST or LSA.
- Mutual Transition and Services Termination Agreement terminates Technology License Agreement and acknowledges Services Agreement expiration.
- Kopin issued $25K NRE purchase order; LST provides transition activities including data transfer, customer notifications, and design files.
- Kopin receives perpetual royalty-free license to certain LST OLED microdisplay tech; will pay $7.50/display royalty on certain orders through Oct 30, 2026.