Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 59

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 59
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 BASIC AND DILUTED NET LOSS PER SHARE

    2024  
    2023  
    2022 

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Numerator: 

    Net loss available for common shareholders - basic and diluted 
    $(96,915) 
    $(82,842) 
    $(53,091)

    Denominator: 

    Weighted-average common shares outstanding - basic and diluted 
     209,510  
     182,802  
     165,958 

    Net loss per share - basic and diluted 
    $(0.46) 
    $(0.45) 
    $(0.32)

For
the years ended December 31, 2024, 2023 and 2022, the following securities from net loss per share have been excluded as the effect of
including them would have been anti-dilutive: outstanding options exercisable into a total of 0.7 million, 0.8 million, and 0.9 million
shares of common stock, respectively;  12.0 million, 10.0 million and 8.9 million nonvested restricted and performance stock units,
respectively; and 34.6 million shares of common stock that may be issued through conversion of the derivative liability (see
Note 7. Notes Payable and Derivative Liability).

4.
BUSINESS COMBINATION

On
January 31, 2023, the Company completed the acquisition of certain net assets of Ibeo, a lidar hardware and software provider based in
Hamburg, Germany. The purpose of the acquisition was to acquire certain Ibeo assets, primarily intellectual property and personnel, which
enabled the Company to expand their technology and product portfolio and diversify revenue streams.

Total
consideration related to this transaction was approximately EUR 20.0 million or $21.6 million, consisting of approximately (i) EUR 7.0
million or $7.6 million in cash paid at closing, (ii) EUR 6.6 million or $7.1 million in cash advanced to Ibeo prior to closing, (iii)
EUR 3.0 million or $3.3 million released from escrow during the quarter ended March 31, 2024, (iv) EUR 0.6 million or $0.