MicroVision, Inc. (Nasdaq: MVIS), the leader in innovative
ultra-miniature laser display technology, today announced that it
intends to offer to sell, subject to market and other conditions, shares
of its common stock and warrants to purchase shares of its common stock
in an underwritten public offering. Oppenheimer & Co. Inc. will act as
underwriter in the offering. Microvision intends to grant the
underwriter a 30-day option to purchase additional shares and warrants
to cover over allotments, if any. MicroVision intends to use the net
proceeds from the offering for general corporate purposes.
The securities described above are being offered by MicroVision pursuant
to its registration statement on Form S-3 previously filed and declared
effective by the Securities and Exchange Commission (SEC). This press
release does not constitute an offer to sell or a solicitation of an
offer to buy the securities in the offering, nor shall there be any sale
of these securities in any jurisdiction in which an offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of such jurisdiction. The offering may be made only
by means of the preliminary prospectus supplement and the prospectus
relating to the proposed offering, copies of which may be obtained, when
available, from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus
Department, 300 Madison Avenue, 5th Floor, New York, NY, 10017, by
telephone at (212) 667-8563, or via email at EquityProspectus@opco.com.
About MicroVision
MicroVision provides the PicoP® display technology platform designed to
enable next-generation display and imaging products for pico projectors,
vehicle displays and wearable displays that interface with mobile
devices. The company’s projection display engine uses highly efficient
laser light sources that create vivid images with high contrast and
brightness. For more information, visit us on:
Website: www.microvision.com
Blog: www.microvision.com/displayground
Twitter: www.twitter.com/microvision
Facebook: www.facebook.com/MicrovisionInc
YouTube: www.youtube.com/mvisvideo
Forward-looking Statements
Certain statements contained in this release, including those relating
to MicroVision’s expectations regarding the proposed offering and use of
proceeds, and those statements using words such as "expects”, "intends”,
"plans”, "should”, "would”, "will” and "believe” are forward-looking
statements that involve a number of risks and uncertainties that could
cause actual results to differ materially from those in the
forward-looking statements. These risks and uncertainties include, but
are not limited to: our ability to successfully complete the offering on
terms and conditions satisfactory to us; the possible adverse impact on
the market price of our shares of common stock due to the dilutive
effect of the securities to be sold in the offering, as well as other
risks and uncertainties, including those detailed from time to time in
our SEC filings, including our Annual Report on Form 10-K and Quarterly
Report on Form 10-Q. Except as expressly required by federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, changes in circumstances or any other reason.
Additional Information
Additional information relating to MicroVision can be found on EDGAR at www.sec.gov.
