Kopin Corp. (KOPN) disclosed that it has fully exited its equity interests in Lightning Silicon Technology, Inc. and LS Assets, Inc. through a share repurchase arrangement completed on June 10, 2026. Under the Share Repurchase Agreement, Lightning Silicon Technology, Inc. repurchased 18,000,000 shares of its Series Seed-1 Preferred Stock from Kopin for $1.00. In a parallel transaction, LS Assets, Inc. repurchased 18,000,000 shares of its common stock from Kopin, also for $1.00. All of the repurchased shares were cancelled and retired as of June 10. The parties also exchanged mutual releases of claims tied to Kopin’s prior ownership stakes in LST and LSA. As a result, Kopin said it no longer holds any equity interest in either company. The disclosure also describes a separate Mutual Transition and Services Termination Agreement between Kopin and LST executed on April 10, 2026. That agreement confirms the termination, effective April 10, of a prior Technology License Agreement between the companies, and acknowledges that a related Services Agreement had already expired in 2025. As part of the transition arrangement, Kopin issued a $25,000 non-recurring engineering purchase order, payable within 30 days. In exchange, LST agreed to provide transition support that includes transferring customer and vendor data, sending written notices to customers and vendors, forwarding customer inquiries for 120 days, providing design files for three displays, and supplying up to eight hours of technical assistance, with additional paid support available. The agreement also includes licensing and royalty provisions. LST received a limited royalty-bearing license solely to fulfill existing firm orders through July 15, 2026. Kopin, meanwhile, received a perpetual, irrevocable, worldwide, royalty-free license to certain LST OLED microdisplay technology. Kopin also agreed to pay LST a royalty of $7.50 per display on certain customer orders secured between April 10, 2026, and October 30, 2026. The companies granted each other mutual releases of claims relating to the prior Technology License Agreement and Services Agreement. Kopin said it does not expect the share repurchases, terminations, transition services, licenses, or royalty arrangements to have a material effect on its consolidated financial statements. The filing effectively marks a formal separation between Kopin and the LST/LSA entities, while preserving certain technology rights and transition support for customer and product continuity.