MICROVISION, INC. (NASDAQ:MVIS) Files An 8-K Entry into a Material Definitive Agreement
Item1.01. Entry into a Material Definitive Agreement.
On December21, 2016, MicroVision, Inc. (the Company) entered into
a Subscription Agreement (the Subscription Agreement) with Ben
Lawrence-Farhi (the Investor), to which the Company agreed to
issue and sell to the Investor 2,000,000 shares of the Companys
common stock, par value $0.001 per share (the Shares), at a price
of $1.07 per Share.
The Company intends to use the net proceeds from the sale of the
Shares for general corporate purposes.
The Shares are being issued and sold to the Companys registration
statement on Form S-3 (Registration No.333-211869) declared
effective by the Securities and Exchange Commission (the SEC) on
June22, 2016. A prospectus supplement relating to the sale of the
Shares will be filed with the SEC.
A copy of the opinion of Ropes Gray LLP relating to the legality
of the issuance and sale of the Shares is attached as Exhibit 5.1
hereto. A copy of the Subscription Agreement is attached hereto
as Exhibit 10.1 and incorporated herein by reference. The
foregoing description of the issuance and sale of the Shares by
the Company and the documentation related thereto does not
purport to be complete and is qualified in its entirety by
reference to such exhibits.
Item9.01. Financial Statements and Exhibits.
(d)Exhibits.
| 5.1 | Opinion of Ropes Gray LLP. | |
| 10.1 |
Subscription Agreement, dated December21, 2016, by and between MicroVision, Inc. and the Investor. |
|
| 23.1 | Consent of Ropes Gray LLP (contained in Exhibit 5.1 above). |
About MICROVISION, INC. (NASDAQ:MVIS)
Microvision, Inc. is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source. The Company offers key components for inclusion in a scanning engine, including its Micro-Electrical Mechanical Systems (MEMS) and Application-Specific Integrated Circuits (ASICs). Its PicoP scanning technology incorporates its expertise in two-dimensional MEMS, lasers, optics and electronics to create a small form factor scanning engine with lower power needs. It licenses PicoP scanning technology to original design manufacturers (ODMs) or original equipment manufacturers (OEMs). Its technology creates a platform that can support multiple applications and markets, including enterprise, medical, industrial and automotive. MICROVISION, INC. (NASDAQ:MVIS) Recent Trading Information
MICROVISION, INC. (NASDAQ:MVIS) closed its last trading session down -0.01 at 1.14 with 512,304 shares trading hands.
