Microvision (MVIS -22.9%) shares plunge to $2.32 after the company announces its stock offering,...

|By:, SA News Editor

Microvision (MVIS -22.9%) shares plunge to $2.32 after the company announces its stock offering, disclosed yesterday, will involve 4.2M shares priced at $2.50. The offering, which will yield net proceeds of $9.9M after underwriter fees, stands to boost the cash-strapped company's diluted share count by nearly 25%.