MicroVision Announces $3.15 Million Investment from a Current Shareholder
August 30 2017 - 5:30PM
Business Wire
MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative
ultra-miniature laser display and sensing technology, today
announced that on August 28, 2017 it sold 1.5 million unregistered
shares to a private investor who is also a current shareholder at a
price of $2.10 per share, for aggregate consideration of $3.15
million. The last closing sale price of MicroVision’s common stock
on August 28, 2017 was $2.19. MicroVision intends to use the
proceeds from the issuance for general corporate purposes.
About MicroVision
MicroVision is the creator of PicoP® scanning technology, an
ultra-miniature laser projection and sensing solution based on the
laser beam scanning methodology pioneered by the company.
MicroVision’s platform approach for this advanced display and
sensing solution means that it can be adapted to a wide array of
applications and form factors. It is an advanced solution for a
rapidly evolving, always-on world. MicroVision’s business model and
product line offering includes display and sensing engines,
licensing its patented technology and selling components to
licensees for incorporation into their scanning engines.
Extensive research has led MicroVision to become an
independently recognized leader in the development of intellectual
property. MicroVision’s IP portfolio has been recognized by the
Patent Board as a top 50 IP portfolio among global industrial
companies and has been included in the Ocean Tomo 300 Patent Index.
The company is based in Redmond, Wash.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
Additional Information
Additional information relating to MicroVision can be found on
EDGAR at www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20170830006244/en/
MicroVision, Inc.Investors:Dawn Goetter,
425-882-6629ir@microvision.comorMedia:Nicole Cobuzio, 732-212-0823
ext. 102nicolec@lotus823.com
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