MicroVision announced the results of its 2026 annual shareholder meeting held on July 10, 2026, where shareholders approved all five proposals, including a key authorization for the Board of Directors to enact a reverse stock split.
Key Details
- Reverse Stock Split: Shareholders approved authorizing the Board to effect a reverse stock split at a ratio between 1-for-5 and 1-for-15. The Board has one year from the meeting date to decide whether to implement the split.
- Share Issuance Approval: The issuance of common stock pursuant to senior secured convertible notes dated February 23, 2026, was approved to comply with Nasdaq rules.
- Other Matters: All seven director nominees were elected, executive compensation was approved on an advisory basis, and Baker Tilly US, LLP was ratified as the independent accounting firm for fiscal year 2026.