MicroVision (MVIS) priced an underwritten public offering of 7M common shares at $0.60/share for gross proceeds of ~$4.2M.
Underwriters have a 30-day option to purchase up to an additional 1.05M common shares to cover over-allotments, if any.
Net proceeds of ~$3.7M will be used for general corporate purposes.
The offering is expected to close on or about December 11, 2018
MVIS -9.50% premarket to $0.60.
Source: Press Release
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