other material
confidence high
sentiment neutral
materiality 0.65
MicroVision raises $17M in public offering of 6.8M units at $2.50 per unit
MICROVISION, INC.
- Gross proceeds ~$17.0M; net proceeds ~$15.6M after placement fees and expenses.
- Each unit: 1 share + 1 warrant to buy 1 share at $2.50, exercisable immediately for 5 years.
- WestPark Capital sole placement agent; 6.5% cash fee plus $115,000 expense reimbursement.
- Proceeds for general corporate purposes, including working capital and capital expenditures.
- 45-day lock-up on further equity issuance; no repayment of senior secured convertible notes due March 1, 2028.