MICROVISION, INC. [MVIS] - / WestPark Capital equity issuance
Microvision, Inc. will issue and sell 6,800,000 shares of common stock and warrants to purchase an additional 6,800,000 shares, facilitated by WestPark Capital, Inc.
Why this matters
MicroVision, Inc., a company specializing in lidar-based perception solutions for industrial, security defense, and automotive markets, has announced a public offering of 6,800,000 shares of common stock along with warrants to purchase an additional 6,800,000 shares. The offering, facilitated by WestPark Capital, Inc., is subject to market conditions, and the final terms will be determined at the time of pricing. MicroVision intends to use the net proceeds from this offering for general corporate purposes, including working capital and capital expenditures.