November 17, 2011 – BUSINESS WIRE — MicroVision Inc. (NASDAQ:MVIS) closed its public offering of 17,948,716 shares of its common stock and warrants to purchase 8,974,358 shares of its common stock at a price to the public of $0.585 per share and accompanying warrant, as well as warrants to purchase 1,251,092 additional shares sold upon exercise by the underwriter of its over-allotment option.
MicroVision received net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $9.8 million. See details of the MVIS stock offering here.
The securities described above were offered by MicroVision pursuant to its registration statement on Form S-3 that was previously filed and declared effective by the Securities and Exchange Commission (SEC).
MicroVision provides the PicoP display technology platform based on MEMS technology. Website: www.microvision.com.