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Microvision (MVIS) just unveiled an announcement.
MicroVision, Inc. has entered into a new sales agreement with Deutsche Bank Securities, Mizuho Securities USA, and Craig-Hallum to potentially sell up to $150 million in common stock. This move could bolster the company’s production capabilities, accelerate tech development, and support market strategies for its MAVIN and MOVIA products. Previously, MicroVision terminated a similar agreement with Craig-Hallum, through which it sold $16 million in stock. The company assures that these agreements are part of its strategic financial maneuvers and are not intended for public informational purposes beyond regulatory filings.
See more insights into MVIS stock on TipRanks’ Stock Analysis page.