Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 222

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 222
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 OTC, market. Listing on such other market or exchange could
reduce the liquidity of our common stock. If our common stock were to trade in the OTC market, an investor would find it more difficult
to dispose of, or to obtain accurate quotations for the price of, the common stock.

A
delisting from The Nasdaq Global Market and failure to obtain listing on another market or exchange would subject our common stock to
so-called penny stock rules that impose additional sales practice and market-making requirements on broker-dealers who sell or make a
market in such securities. Consequently, removal from The Nasdaq Global Market and failure to obtain listing on another market or exchange
could affect the ability or willingness of broker-dealers to sell or make a market in our common stock and the ability of purchasers
of our common stock to sell their securities in the secondary market.

On
May 5, 2025, the closing price of our common stock was $1.11 per share.

Our
lack of significant financial resources may limit our revenues, potential profits, overall market share, or value.

Our
products and solutions compete with other pureplay lidar developers, most of which have raised and exhausted significant capital in their
development and production efforts. We also face competition from OEMs and Tier 1 suppliers that have internally developed lidar sensors.
All of these OEMS and Tier 1s are significantly larger, more well-resourced, have long operating histories and enjoy relevant brand recognition.
With greater resources over the past several years, our pureplay lidar competitors have in the past developed and commercialized products
more quickly than us and may now have access to more entrenched sales channels. This historical imbalance in financial resources and
access could result for us in reduced revenues, lower margins or loss of market share, any of which could reduce the value of our business.
Additionally, for a variety of reasons, customers may choose to purchase from suppliers that have substantially greater financial or
other resources than we have.

Risks
Related to Fundraising Transactions and the Convertible Note

Our
stockholders will experience further dilution if we issue additional equity securities in future fundraising transactions.

We
are generally not restricted from issuing additional common stock, including any securities that are convertible into or exchangeable
for, or that represent the right to receive, common stock. If we issue additional common stock, or securities convertible into or exchangeable
or exercisable for common stock (including additional convertible notes to the holder of the convertible note issued