Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 169

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1C
Chunk 169
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 oversee our cybersecurity risk management.

The
IT Team Director regularly meets with the Chief Financial Officer and as appropriate the Chief Executive Officer to discuss cybersecurity
risks. This ensures that management is informed about our current cybersecurity measures and aware of any potential risks facing our
operations. In the event of a cybersecurity incident, we have put in place a reporting structure to inform the Chief Financial Officer,
Chief Executive Officer and General Counsel promptly of any incident so that they may assess the appropriate response to the incident
and any reporting concerns that may be triggered by the incident.

20

ITEM
2. PROPERTIES

In
September 2021, we entered into a lease on approximately 16,681 square feet of space located in Redmond, Washington that we use primarily
for product testing and lab space. The lease provides for an initial term of 128 months that commenced November 1, 2021.

In
September 2021, we entered into a second lease on approximately 36,062 square feet of space located in Redmond, Washington that we use
primarily for general office space. The lease provides for an initial term of 120 months and commenced on December 1, 2022.

In
December 2023, we entered into a lease on approximately 60,000 square feet of space located in Hamburg, Germany that we will use primarily
for general office space and product testing. The lease provides for an initial term of 60 months and commenced on November 1, 2024.

We
believe that our facilities are adequate to meet our needs for the immediate future, and that, should it be needed, suitable additional
or substitute space will be available to accommodate any such expansion of our operations. For a further description of our leased properties,
see Part II, Item 8, Note 10. Leases, of the notes to our consolidated financial statements, which is incorporated by reference
in response to this item.

ITEM
3. LEGAL PROCEEDINGS

We
are subject to various claims and pending or threatened lawsuits in the normal course of business. We are not currently party to any
other legal proceedings that management believes are reasonably possible to have a material adverse effect on our financial position,
results of operations or cash flows.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

ITEM
4A. EXECUTIVE OFFICERS OF THE REGISTRANT

Executive
officers are appointed by our Board of Directors and hold office until their successors are