Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 181

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1C
Chunk 181
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 In addition to cash and cash equivalents, the Company also has potential
availability of $143.6 million comprised of the following:

    ●
    $113.6
    million availability left on our existing $150.0 million ATM facility that was put in place in the first quarter of 2024, subject to certain factors including authorized shares available and market conditions, and 

    ●
    $30.0
    million from the remaining commitment pursuant to the Note, subject to certain limitations. See Part II, Item 8, Note 7. Notes Payable and Derivative Liability.

In
consideration of the above, the Company has total liquidity of $226.1 million. Pursuant to terms of the Note, we will maintain minimum
cash liquidity of $30.0 million for the duration of the Note term, subject to decreases beginning on May 1, 2025. Based on our current
operating plan, we anticipate that we have sufficient cash and cash equivalents to fund our operations for at least the next 12 months.

Operating
activities

Cash
used in operating activities totaled $68.5 million during 2024, compared to $67.1 million in 2023. During the years ended December
31, 2024 and 2023, we made payments of $1.9 million and $3.1 million, respectively, to our contract manufacturing partner in
connection with the buildup of MOVIA sensor inventory for direct sales to both automotive and non-automotive customers. Moreover, we
expect to make additional minimum payments to this partner totaling approximately $6.3 million during 2025 and 2026 in line with
agreed-upon deliveries.

Investing
activities

During
the year ended December 31, 2024, cash provided by investing activities was $2.7 million compared to $21.8 million during the same
period in 2023. During the year ended December 31, 2024, we purchased short-term investment securities totaling $26.1 million and
sold short-term investment securities totaling $35.4 million, compared to purchases of $41.7 million and sales of $76.7 million in
the same period of 2023. During the year ended December 31, 2024, we purchased property and equipment totaling $0.4 million compared
to $2.0 million in the same period in 2023. During the year ended December 31, 2024