KOPIN CORP

Kopin Corporation has divested its entire equity interest in Lightning Silicon Technology, Inc. (LST) and LS Assets, Inc. (LSA) through share repurchase agreements. LST repurchased 18,000,000 shares of its Series Seed-1 Preferred Stock from Kopin for $1.00, and LSA repurchased 18,000,000 shares of its common stock from Kopin for $1.00, with all shares cancelled. Additionally, Kopin and LST terminated their Technology License Agreement and Services Agreement, with Kopin receiving a perpetual, royalty-free license to certain LST OLED microdisplay technology. Kopin does not anticipate a material effect on its financial statements.

Kopin Corporation announced that Theon International Plc exercised its right to convert all 1,000 outstanding shares of Series A Convertible Preferred Stock into common stock on May 28, 2026. This conversion, at a price of $3.00 per share, resulted in the issuance of 2,380,973 shares of Kopin's common stock to Theon. The Series A Convertible Preferred Stock has now been retired, with no shares remaining outstanding, following Theon's initial $15 million strategic investment in October 2025, which included an $8.0 million acquisition of a 49% interest in Kopin Europe Ltd. and a $7.0 million purchase of the preferred stock.

Kopin Corporation held its 2026 Annual Meeting of Stockholders on May 21, 2026. Stockholders approved an amendment to the 2020 Equity Incentive Plan, which increased the number of shares available for issuance and extended its term. Additionally, five directors were elected, the appointment of BDO USA, P.C. as the independent auditor for fiscal year 2026 was ratified, and the advisory vote on executive compensation was approved.

Kopin Corporation reported a net loss of $3.75 million for the first quarter ended March 28, 2026, which widened from $3.11 million in the prior year period. Total revenues remained stable at $10.55 million, primarily due to a significant increase in grant income offsetting a decline in net product revenues. The company maintains $34.1 million in cash and cash equivalents, which it believes is sufficient to support its operations for at least the next twelve months.

Kopin Corporation announced its first-quarter 2026 financial results and significant operational achievements. The company formed a strategic collaboration with Fabric.AI to develop Neural I/o™ optical interconnect technology for AI data centers, backed by a $15 million development order and a 19.9% equity stake. Total revenues for Q1 2026 were $10.6 million, flat year-over-year, with product revenues decreasing by 41% to $5.4 million, offset by a 292% increase in non-product revenues to $5.2 million. Kopin also secured new defense contracts totaling over $28 million and entered the FPV drone market with a $3.2 million initial order.

Kopin Corporation announced a strategic collaboration with Fabric.AI to develop Neural I/o™, a MicroLED-based optical interconnect technology for AI infrastructure. This technology is designed to replace traditional copper wiring between GPUs with ultra-high-speed, ultra-low power optical transceivers. Fabric.AI placed a $15M initial development order with Kopin for the demonstration chipset. Kopin also holds a 19.9% ownership stake in Fabric.AI and will serve as the exclusive manufacturer of the Neural I/o™ chipsets, significantly expanding its market opportunity into the rapidly growing AI hardware ecosystem.

Kopin Corporation filed its annual Form 10-K report for the fiscal year ended December 27, 2025, on April 13, 2026. The company confirmed its status as a Non-Accelerated Filer and a Smaller Reporting Company. As of June 28, 2025, the aggregate market value of voting stock held by non-affiliates was $249,887,595, with 183,363,415 shares outstanding as of the filing date.

Kopin Corporation filed its annual report on Form 10-K for the fiscal year ended December 27, 2025. The company reported an aggregate market value of outstanding voting stock held by non-affiliates of $249,887,595 as of June 28, 2025. As of April 13, 2026, there were 183,363,415 shares of common stock outstanding. Kopin Corporation is classified as a Non-Accelerated Filer and a Smaller Reporting Company.