Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 245

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 245
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The
following graph shows a comparison from 2019 through 2024 of the cumulative total return for our common stock, the Russell 2000 Index
and the Dow Jones US Electronic and Electrical Equipment Index. Our prior annual reports had included cumulative total return from the
NASDAQ Electrical Components Index, however it is not included on this graph because the index has been discontinued. The comparisons
in the graph are historical and are not intended to forecast or be indicative of possible future performance of our common stock.

22

Recent
Sales of Unregistered Securities

On
November 21, 2023, pursuant to subscription agreements dated as of November 14, 2023, between us and each of the purchasers, we sold
in the aggregate 50,761 shares of our common stock, par value $0.001 per share (“Common Stock”), at $1.97 per share, for
an aggregate purchase price of approximately $0.1 million. The purchasers consisted of our Chief Executive Officer, Chief Financial Officer,
General Counsel and certain members of our Board of Directors.

On
March 13, 2023, pursuant to a subscription agreement dated as of March 13, 2023, we sold to our Chief Executive Officer 100,000 shares
of Common Stock, at $2.14 per share, for an aggregate purchase price of $0.2 million.

The
sales of our Common Stock described above were each undertaken in reliance upon an exemption from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2).

ITEM
6. RESERVED

ITEM
7.MANAGEMENT’S
                  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion of our financial condition and results of operations should be read in conjunction with our audited consolidated
financial statements and the related notes included in Part II, Item 8 of this Form 10-K. The following discussion focuses on the results
of our operations for the year ended December 31, 2024 compared to the year ended December 31, 2023. Similar discussion of the results
of our operations for the year ended December 31, 2023 compared to the year ended December 31, 2022 can be found in “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K
for