Company: MVIS
Filing Date: 2025-02-03
Form Type: 8-K
Source: 0001493152-25-004615
Chunk: 1

Company: MICROVISION, INC.
Filing Date: 2025-02-03
Form: 8-K
Item: Item 1.01
Chunk 1
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 the Shares, the “ Securities”), for an aggregate purchase price of approximately $8 million. The
sale of the Securities pursuant to the Purchase Agreement is expected to close on or about February 4, 2025.

The
Company intends to use the net proceeds from the sale of the Shares for general corporate purposes.

The
Securities (including the common stock issuable upon exercise or exchange of the Warrants) are being issued and sold pursuant to the
Company’s registration statement on Form S-3 (Registration No. 333-272616) declared effective by the Securities and Exchange Commission
(the “ SEC”) on June 4, 2024. A prospectus supplement relating to the sale of the Securities (including the common stock issuable
upon exercise or exchange of the Warrants) will be filed with the SEC.

Warrant

Pursuant
to the Purchase Agreement, the Company will issue the Warrants to the Investor. Each Warrant entitles the holder thereof to purchase
shares of our Common Stock at an exercise price equal to $1.57 per share. The Warrants will be exercisable at any time on or after
the earlier of (i) the date that is six months after the date of issuance and (ii) the date that the Requisite Stockholder Approval (as
defined in the Convertible Note) is obtained. The exercise price and the number and type of securities purchasable upon exercise of Warrants
are subject to adjustment upon certain corporate events, including certain combinations, consolidations, liquidations, mergers, recapitalizations,
reclassifications, reorganizations, stock dividends and stock splits, a sale of all or substantially all of our assets and certain other
events. We may, in connection with certain fundamental transactions, be required to pay an amount
in cash equal to the value of the warrant as determined in accordance with the Black Scholes option pricing model.

Holders
of the Warrants may exercise their Warrants to purchase shares of our Common Stock on or before the termination date by delivering an
exercise notice, appropriately completed and duly signed, and payment of the exercise price for the number of shares for which the Warrant
is being exercised in cash. If, and only if, a registration statement relating to the issuance of the shares underlying the Warrants
is not then effective or available or such shares would not be freely tradable, a holder of Warrants would be entitled to exercise the
Warrants on a cashless basis, where the holder