MICROVISION, INC. (NASDAQ:MVIS) Files An 8-K Entry into a Material Definitive Agreement


MICROVISION, INC. (NASDAQ:MVIS) Files An 8-K Entry into a Material Definitive Agreement

Item1.01. Entry into a Material Definitive Agreement.

On December9, 2016, MicroVision, Inc. (the Company) entered into
an underwriting agreement (the Underwriting Agreement) with
Ladenburg Thalmann Co. Inc. (the Underwriter). The Underwriting
Agreement provides for the sale of 12,149,533 shares of common
stock, par value $0.001 per share (Common Stock), at a public
offering price of $1.07 per share, less an underwriting discount
of $0.0749 per share. The Company also granted the Underwriter a
30-day option to purchase up to an additional 1,822,430 shares of
Common Stock to cover over-allotments, if any. The sale of the
shares of Common Stock to the Underwriting Agreement is expected
to close on or about December14, 2016, subject to the
satisfaction of customary closing conditions. The Shares are
being offered 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 of
Common Stock will be filed with the SEC.

The Company expects to receive net proceeds from the offering of
approximately $11.8 million, or approximately $13.6million if the
Underwriter exercises its option to purchase additional shares in
full, after deducting the underwriting discount and estimated
offering expenses payable by the Company. The Company intends to
use the net proceeds of the offering for general corporate

A copy of the opinion of Ropes Gray LLP relating to the legality
of the issuance and sale of the securities is attached as Exhibit
5.1 hereto. A copy of the Underwriting Agreement is attached
hereto as Exhibit 1.1 and incorporated herein by reference. The
foregoing description of the offering 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.


1.1 Underwriting Agreement by and between MicroVision, Inc. and
Ladenburg Thalmann Co. Inc., dated December9, 2016.
5.1 Opinion of Ropes Gray LLP.
23.1 Consent of Ropes Gray LLP (contained in Exhibit 5.1 above).


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 -0.28 at 1.05 with 3,751,586 shares trading hands.