MicroVision, Inc. has closed a confidentially marketed public offering, raising approximately $15.6 million in net proceeds. The offering, conducted through a securities purchase agreement dated August 14, 2026, involved the sale of common stock and accompanying warrants. The company plans to use the funds for general corporate purposes, including working capital and capital expenditures.
Key Details
- Offering Details: The company sold 6,800,000 shares of its common stock and accompanying warrants to purchase an additional 6,800,000 shares.
- Pricing & Proceeds: The securities were sold at a combined price of $2.50 per share and warrant, for total gross proceeds of $17 million. Net proceeds are estimated at $15.6 million after placement fees and expenses.
- Warrant Terms: The warrants are exercisable immediately at a price of $2.50 per share and have a five-year term, expiring on August 17, 2031.