MicroVision enters ATM equity facility for up to $35M with Craig-Hallum

MICROVISION, INC.

Agreement allows sale of up to $35M of common stock at market prices via Craig-Hallum as sales agent.
Commission of 2.35% on gross proceeds; company provides customary indemnification.
Net proceeds planned for production scaling, ASIC development, inventory, and go-to-market execution.
No assurance any shares will be sold; either party may terminate the agreement at any time.

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. entered into Sales Agreement with Craig-Hallum Capital Group LLC valued at up to an aggregate of $35 million (effective 2023-08-29).

Action: entry
Agreement: atm program
Counterparty: Craig-Hallum Capital Group LLC
Value: up to an aggregate of $35 million
Effective: 2023-08-29

Exact text from the filing

On August 29, 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 0001193125-23-223871

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