---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-041008"
form_type: "8-K"
ticker: "MVIS"
cik: "0000065770"
company_name: "MICROVISION, INC."
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:59:49.863829+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001493152-24-041008
- form_type: 8-K
- ticker: MVIS
- cik: 0000065770
- company_name: MICROVISION, INC.
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65770/000149315224041008/0001493152-24-041008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65770/000149315224041008/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-041008
- JSON: https://secwatch.observer/filing/0001493152-24-041008.json
- Plain text: https://secwatch.observer/filing/0001493152-24-041008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.