Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 66

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 66
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 been in a continuous unrealized loss position for more than 12 months as of December 31, 2024 and 2023 (in thousands):

 SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS SECURITIES

    Less than Twelve Months  
    Twelve Months or Greater  
    Total 

    Gross  
       
    Gross  
       
    Gross 

    Fair  
    Unrealized  
    Fair  
    Unrealized  
    Fair  
    Unrealized 

    Value  
    Losses  
    Value  
    Losses  
    Value  
    Losses 
  
    As of December 31, 2024 

    Corporate debt securities 
    $1,245  
    $-  
    $-  
    $-  
    $1,245  
    $- 
  
    U.S. Treasury securities 
     -  
     -  
     -  
     -  
     -  
     - 

    $1,245  
    $-  
    $-  
    $-  
    $1,245  
    $- 

    As of December 31, 2023 

    Corporate debt securities 
    $1,488  
    $(1) 
    $-  
    $-  
     1,488  
     (1)
  
    U.S. Treasury securities 
     1,486  
     -  
     -  
     -  
     1,486  
     - 

    $2,974  
    $(1) 
    $-  
    $-  
    $2,974  
    $(1)

7.
NOTES PAYABLE AND DERIVATIVE LIABILITY

Background

On
October 14, 2024, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) for the purchase of
senior secured convertible notes (the “Note”) with an institutional investor (the “Holder”). The principal amount
for the initial note is $45.0 million (the “Initial Principal Amount”), with an option for the Company to issue additional
principal in the amount of $30.0 million (the “Additional Principal Amount” and, together with the Initial Principal Amount,
the “Principal Amount”) of convertible notes