Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 23

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 23
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,
consisting of (i) five hundred ten million (510,000,000) shares of common stock, $.001 par value (“Common
Stock”) and (ii) twenty-five million (25,000,000) shares of preferred stock, $.001 par value (“Preferred Stock”).

Summary

In light of the considerations articulated above,
our Board and management believe that approval of the Share Capital Amendment is essential to successfully drive our long-term
strategy delivering our perception software and lidar sensor solutions to our target markets. Moreover, seeking to carefully
balance the interests of all company shareholders, our Board and management set the size of the share increase in the Share Capital Amendment
lower than the size that would likely have been supported by the company’s largest institutional shareholders. The increase
to our authorized shares of common stock will allow us flexibility to support our liquidity needs, efficient capital-raising capabilities,
and strategic partnerships and arrangements. Sufficient authorized capital is an important tool for us to remain competitive in the highly
demanding and quickly evolving markets in which we operate.

<div align='center'>OUR BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE “FOR” the AMENDMENT TO THE CERTIFICATE OF INCORPORATION TO AMEND THE TOTAL NUMBER OF SHARES OF AUTHORIZED COMMON STOCK.</div>

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<div align='center'>Proposal THREE—Approval of AN AMENDMENT TO the 2022 MICROVISION, INC.
Equity Incentive Plan</div>

General

Our Board adopted the 2022 MicroVision, Inc. Equity
Incentive Plan, which we refer to as the 2022 Incentive Plan, in April 2022 and our shareholders subsequently approved the 2022 Incentive
Plan at our 2022 Annual Meeting. We are now seeking shareholder approval of an amendment to increase the number of shares of common stock
reserved for issuance by an additional twelve million shares.

On April 15, 2025, our Board unanimously approved
an amendment to the 2022 Incentive Plan, which we refer to as the Plan Amendment, to authorize an additional twelve million shares
of our common stock for issuance thereunder, subject to shareholder approval of the Plan Amendment. Our Board has determined that it
is in the best interests of MicroVision to adopt the Plan Amendment and is asking our shareholders to approve the Plan Amendment to meet
our compensation goals for current and future years and to provide sufficient authorized shares available for the grant of awards under
the 202