Today, MicroVision issued a press release announcing a $3.15 million investment from a current shareholder:
REDMOND, Wash.—August 30, 2017—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.
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 relating to MicroVision can be found on EDGAR at www.sec.gov.