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

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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2024.

 ●In
                                            February 2025, we entered into a securities purchase agreement for the purchase of 5,750,225
                                            shares of our common stock and warrants to purchase 5,750,225 shares of our common stock
                                            for $1.57 per share. We received proceeds, net of all costs, of $7.8 million.
                                                                                                                                      
 ●In
                                            October 2024, we entered into a securities purchase agreement for the purchase of senior
                                            secured convertible notes with an institutional investor. The principal amount for the initial
                                            note is $45.0 million, with an option for us to issue additional principal in the amount
                                            of $30.0 million of convertible notes to the holder, subject to certain limitations. We received
                                            proceeds, net of all costs, of $38.1 million.
                                                                                                                                      
●In
                                            March 2024, we entered into a $150.0 million ATM equity offering agreement with Deutsche
                                            Bank Securities, Inc., Mizuho Securities USA LLC and Craig-Hallum Capital Group LLC (collectively,
                                            the “Agents”). Under the agreement, we are able, at our discretion, to offer
                                            and sell shares of our common stock having an aggregate value of up to $150.0 million through
                                            or directly to the Agents. As of September 30, 2025, we completed sales under such sales
                                            agreement of 77.6 million shares for net proceeds of $99.9 million. As of September 30, 2025,
                                            we had approximately $46.2 million available under this sales agreement.

27

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Interest
Rate and Market Liquidity Risk

As
of September 30, 2025, all of our cash and cash equivalents have variable interest rates; however, we believe our exposure to market
and interest rate risks is not material. Due to the generally short-term maturities of our investment securities, we believe that the
market risk arising from our holdings of these financial instruments is not significant. We do not believe that inflation has had a material
effect on our business, financial condition or results of operations; however, we do anticipate our labor costs to increase as a result
of inflationary pressures. In the current macroeconomic environment, interests rate changes are unpredictable and inflationary pressures
uncertain.

Our
investment policy generally