Quanta Computer invests $20M in Vuzix; first tranche $10M common at $1.30/share

Vuzix Corp

Quanta Computer commits $20M in three tranches: $10M common stock (first closing) and two $5M Series B Preferred tranches tied to waveguide production milestones.
First tranche $10M at $1.30/share; Series B pays cumulative 1.5% dividend, convertible 10:1 into common.
Investment supports expansion of Vuzix waveguide manufacturing and co-development of AR/AI smart glasses with Quanta, a Fortune 500 ODM.
Series B Preferred senior on liquidation; company may redeem; holders can force redemption upon Triggering Event.
Vuzix creates 800,000 shares of Series B Preferred Stock via certificate of designation.

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