$26 million

Registered Direct Offering

The undersigned acted as Lead Placing Agent in the offering



$26 million registered direct offering

  • Microvision (NasdaqGM: MVIS) develops compact, low power, high-resolution displays and imaging systems based on silicon micro-mirror technology.
  • Priced 11.2 million shares of common stock and warrants to purchase 6.7 million shares at a price of $2.33 per unit, a 12.5% discount to the 10-day volume weighted average closing bid price.
  • Raised gross proceeds of $26.0 million with 6 investors, 5 of whom were new to the stock (Highland Capital, Special Situations, Stark Investments, Heights Capital, Invus Group and Gruber & McBaine).
  • In very difficult equity market conditions, we raised a significant amount of capital for this micro-cap, pre-commercial revenue development stage company.
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