8/9/2017 6:06:55 PM
REDMOND, Wash.–(BUSINESS WIRE)–Aug. 9, 2017–
Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature
projection display and sensing technology, today announced that it
intends to offer to sell, subject to market and other conditions, shares
of its common stock in an underwritten public offering. Ladenburg
Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial
Services Inc. (NYSE American: LTS), will act as the sole underwriter of
the offering. MicroVision also expects to grant the underwriter a 30-day
option to purchase additional shares of common stock equal to up to 15
percent of the aggregate number of shares to be sold in the offering to
cover over-allotments, if any. The offering is subject to market
conditions, and there can be no assurance as to whether or when the
offering may be completed, or as to the final size or terms of the
offering. MicroVision intends to use the net proceeds from the offering
for general corporate purposes.
The securities described above are being offered by MicroVision pursuant
to its registration statement on Form S-3 (Registration No. 333-211869)
previously filed and declared effective by the Securities and Exchange
Commission (SEC). This press release does not constitute an offer to
sell or a solicitation of an offer to buy the securities in the
offering, nor shall there be any sale of these securities in any
jurisdiction in which an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The offering may be made only by means of the preliminary
prospectus supplement and the accompanying prospectus relating to the
proposed offering, copies of which will be available on the SEC’s
website located at http://www.sec.gov
and may also be obtained, when available, from Ladenburg Thalmann & Co.
Inc., 277 Park Avenue, 26th Floor, New York, NY 10172, or by email at email@example.com.
Before you invest, you should read the preliminary prospectus supplement
and accompanying prospectus in the registration statement and other
documents MicroVision has filed or will file with the SEC for more
complete information about MicroVision and the offering.
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
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.
Certain statements contained in this release, including those relating
to closing of the offering, and those statements using words such as
“expects” or “intends” are forward-looking statements that involve a
number of risks and uncertainties. Factors that could cause actual
results to differ materially from those projected in the company’s
forward-looking statements include the following: our ability to
successfully complete the offering on terms and conditions satisfactory
to us; the possible adverse impact on the market price of our shares of
common stock due to the dilutive effect of the securities to be sold in
the offering; capital market risks; our ability to raise additional
capital when needed; products incorporating our PicoP® display engine
may not achieve market acceptance, commercial partners may not perform
under agreements as anticipated, we may be unsuccessful in identifying
parties interested in paying any amounts or amounts we deem desirable
for the purchase of products or license of IP assets, our or our
customers failure to perform under open purchase orders; our financial
and technical resources relative to those of our competitors; our
ability to keep up with rapid technological change; government
regulation of our technologies; our ability to enforce our intellectual
property rights and protect our proprietary technologies; the ability to
obtain additional contract awards; the timing of commercial product
launches and delays in product development; the ability to achieve key
technical milestones in key products; dependence on third parties to
develop, manufacture, sell and market our products; potential product
liability claims; and other risk factors identified from time to time in
the company’s SEC reports, including the company’s Annual Report on Form
10-K filed with the SEC. Except as expressly required by federal
securities laws, we undertake no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information,
future events, changes in circumstances or any other reason.
Source: MicroVision, Inc.