Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 140

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 140
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 million, compared to purchases of $23.5 million
and sales of $22.7 million in the same period of 2024. During the six months ended June 30, 2024,
we made payments totaling $6.3 million related to the acquisition of Ibeo assets.

26

Financing
activities

Net
cash provided by financing activities totaled $43.3 million during the six months ended June 30, 2025, compared to net cash provided
by financing activities of $26.2 million during the same period of 2024. Net proceeds from issuance of common stock and warrants
were $43.3 million during six months ended June 30, 2025 compared to $26.1 million during the same period in 2024. Proceeds received
from stock option exercises totaled $0.1 million during the six months ended June 30, 2024.

The
following is a list of our financing activities during 2025 and 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 June 30, 2025, we completed sales under such sales agreement
                                            of 54.8 million shares for net proceeds of $70.7 million.