2023-06-14 03:54:10 ET
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MicroVision ( NASDAQ: MVIS ) has lost ~13.19% after-hours on Tuesday after the company announced an underwritten $75.0M public offering of its common stock.
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A 30-day option allowing underwriters to purchase up to an additional $11.25M of the shares of the common stock is also under consideration.
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The net proceeds are earmarked for general corporate purposes.
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The offering is subject to market and other closing conditions, the company said, adding that there is no assurance whether or when it will be completed or regarding the terms and actual size of the offering .
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Dig into MicroVision's Q1 earnings .
For further details see:
MicroVision slides on proposed $75M stock offering