MicroVision enters $45M ATM equity distribution agreement with Craig-Hallum

MICROVISION, INC.

New at-the-market issuance sales agreement allows MicroVision to sell up to $45M in common stock through Craig-Hallum.
Commission of 2.00% of gross proceeds; proceeds for general corporate purposes including working capital and capex.
Prior ATM agreement (June 2021) with Craig-Hallum terminated concurrently.
Sales only under effective S-3 registration statement filed June 13, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MICROVISION, INC. terminated At-The-Market Issuance Sales Agreement dated June 21, 2021 with Craig-Hallum Capital Group LLC.

Action: termination
Agreement: atm program
Counterparty: Craig-Hallum Capital Group LLC

Exact text from the filing

the Company and Craig-Hallum mutually agreed to terminate that certain At-The-Market Issuance Sales Agreement dated June 21, 2021 between the Company and Craig-Hallum as sales agent.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MICROVISION, INC. entered into At-the-Market Issuance Sales Agreement with Craig-Hallum Capital Group LLC valued at $45 million (effective 2023-06-16).

Action: entry
Agreement: atm program
Counterparty: Craig-Hallum Capital Group LLC
Value: $45 million
Effective: 2023-06-16

Exact text from the filing

On June 16, 2023, MicroVision, Inc. (the “Company”) entered into an At-the-Market Issuance Sales Agreement (the “Sales Agreement”) with Craig-Hallum Capital Group LLC (“Craig-Hallum”).

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MICROVISION, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-168450

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