secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K
Filed at:   2026-06-18T18:11:02+00:00
Accession:  0001493152-26-029262
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Kopin exits equity stakes in LST and LSA for $1 each; terminates tech license
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000149315226029262/0001493152-26-029262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000149315226029262/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-029262

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer