Redmond, November 15, 2023.
With this agreement, the buyers have acquired a total of $100,000 of common shares of the company.
MicroVision, Inc. (Nasdaq: MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announced that its executive management team and several members of its Board of Directors have entered into private placement agreements to purchase shares ordinary company. Pursuant to the agreements, the purchasers will purchase a total of approximately $100,000 of MicroVision common stock at $1.97 per share, yesterday's closing price as reported on the Nasdaq Stock Market. As Independent Chairman of the Board, " I have great confidence in MicroVision's management team and the company's business strategy," said Mr. Robert Carlile. "I believe MicroVision has a promising future ahead." "These share purchases by members of the Board of Directors and the executive team reflect our collective optimism toward achieving our strategic and operational objectives for MicroVision and our continued commitment to building and achieving long-term value for our shareholders," said Sumit Sharma, Chief Executive Officer of the Company. "We thank our shareholders for their support and belief in what we are building here at MicroVision."About MicroVision With more than 350 employees and a global presence in Redmond, Detroit, Hamburg and Nuremberg, MicroVision is a pioneer in laser beam scanning technology based on MEMS that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. The company's integrated approach uses its patented technology to supply automotive lidar sensors and solutions for advanced driver assistance systems (ADAS) and non-automotive applications such as industry, smart infrastructure and robotics. The company has leveraged its experience building micro augmented reality display engines, interactive display modules, and consumer lidar modules.MicroVision, MAVIN, MOSAIK, and MOVIA are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
ContactContact name: Robyn KomachiContact description: MicrovisionContact phone: 425-936-6847
