MicroVision Announces Closing of $11.5 Million Offering of Common Stock

Date Announced: 15 Aug 2017

REDMOND, Wash.--(BUSINESS WIRE)--MicroVision, Inc. (MVIS), a leader in innovative ultra-miniature laser display and sensing technology, today announced the closing of its underwritten public offering of 5,476,191 shares of its common stock, which includes the exercise in full of the underwriter’s option to purchase up to an additional 714,286 shares, at a public offering price of $2.10 per share for gross proceeds of approximately $11.5 million.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), acted as the sole underwriter of the offering.

MicroVision expects to receive net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $10.6 million from the offering. MicroVision intends to use the net proceeds for general corporate purposes.

Source: MicroVision

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