Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 184

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 184
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 securities accounts.

Our
obligations under the convertible note, and any additional convertible notes issued pursuant to the October 2024 securities purchase
agreement, and the related transaction documents, are secured by a security interest in all of our bank and securities accounts, now
owned and hereafter created or acquired. As a result, if we default on our obligations under the convertible note, or any additional
convertible notes, the collateral agent on behalf of the holder could foreclose on the security interests and liquidate some or all of
our bank and securities accounts, which would harm our business, financial condition and results of operations and could require us to
reduce or cease operations and investors may lose all or part of your investment.

Risks
Related to Our Operations

Difficulty
in qualifying a contract manufacturer, Tier 1 partner, or foundry for our products, or experiencing challenges in our supply chain, could
cause delays that may result in lost future revenues and damaged customer relationships.

Historically,
we have relied on single or limited-source suppliers to manufacture our products. Establishing and maintaining a relationship with a
contract manufacturer, automotive Tier 1 partner, or foundry is a time-consuming process, as our unique technologies may require significant
manufacturing process adaptation to achieve full manufacturing capacity. To the extent that we are not able to maintain our existing
or establish a new relationship with a contract manufacturer, Tier 1 partner, or foundry in a timely manner or at prices or on other
terms that are acceptable to us, we may be unable to meet contract or production milestones. Moreover, changes or challenges in our supply
chain could result in increased cost and delays and subject us to risks and uncertainties regarding, but not limited to, product warranty,
product liability and quality control standards. The loss of any single or limited-source supplier, the failure of any of these suppliers
to perform as expected or the disruption in the supply chain of components from these suppliers could cause significant delays in product
deliveries, which could result in lost future revenues and damaged customer relationships.

Historically,
we have been dependent on third parties to develop, manufacture, sell and market products incorporating our technology.

Our
business strategy for commercializing our technology in products has historically included entering into development, manufacturing,
licensing, sales and marketing arrangements with OEMs, ODMs and other third parties. These arrangements reduce our level of control over
production and distribution and may subject us to risks and uncertainties regarding, but not limited to, product warranty, product