Microvision (MVIS) enters $140M At-the-Market Issuance Sales Agreement

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Microvision (MVIS) Shares Down 11% Following $140M Offering

June 21, 2021 4:43 PM EDT

Microvision (NASDAQ: MVIS) shares are losing 11% after hours, following announcement of $140M at-the-market share offering.

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Microvision (MVIS) Confirms $140 Million At-the-Market Equity Facility

June 21, 2021 4:21 PM EDT

MicroVision, Inc. (NASDAQ: MVIS), a leader in MEMS based solid state automotive lidar and micro-display technology for augmented reality, today announced it entered into a $140 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group (Craig-Hallum).

Under the agreement MicroVision may, from time to time, at its discretion offer and sell shares of its common stock having an aggregate value of up to $140 million through Craig-Hallum. MicroVision... More