Vuzix to record up to $32.2M impairment after Atomistic license termination

Vuzix Corp

Atomistic terminated the Granted License after Vuzix ceased funding development.
Impairment charge includes $26.5M for technology licenses and $5.7M for investment in Atomistic.
Charge is non-cash; the company retains a 49% liquidation preference equity interest in Atomistic.
Vuzix is entitled to future royalties if Atomistic licenses the technology to others.

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