MicroVision secures $75M senior secured convertible note facility with High Trail Capital

MICROVISION, INC.

Initial $45M closing with option to draw additional $30M; zero coupon, matures Oct 1, 2026.
Conversion price set at $1.596/share; holder may redeem at 110% of face starting Jan 2025.
Proceeds extend runway through 2026; Q3 cash $43M, pro forma ~$81M after first tranche.
Company has right to force conversion if stock closes at ≥150% of conversion price for 20 days.
Stockholder approval required for conversion exceeding 42.7M shares under Nasdaq Rule 5635(d).

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