Vuzix signs exclusive license and equity deal with Atomistic for MicroLED microdisplays

Vuzix Corp

License: $30M in installment payments for exclusive worldwide royalty-free rights to MicroLED/MicroLaser tech.
Stock purchase: up to $2.5M cash + 1.75M-2.84375M VUZI shares (floor $8, ceiling $13) for ~99.9% of Atomistic upon milestones.
Custom backplane design for microdisplays using Atomistic's single-epitaxy full-color approach.
Automatic conversion to ordinary shares after milestones, giving Vuzix ~99.9% ownership of Atomistic.
Goal: smallest, brightest full-color microLED microdisplay for AR glasses, paired with Vuzix waveguides.

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