Vuzix closes final $5M tranche of Series B Preferred stock sale to Quanta

Vuzix Corp

Sold 230,242 shares of Series B Preferred at $21.716/sh; each convertible into 10 common shares.
Implied conversion price of ~$2.17 per common share.
Third and final tranche under securities purchase agreement dated September 3, 2024.
Issuance was exempt from registration under Section 4(a)(2) of the Securities Act.

item 3.02

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