Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 173

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 173
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 connection with the production of MOVIA L sensor inventory of
approximately $2.0 million during the remainder of 2025 and 2026 in line with agreed-upon deliveries.

Investing
activities

During
the nine months ended September 30, 2025, net cash used in investing activities was $6.6 million compared to net cash used in investing
activities of $3.8 million during the same period in 2024. During the nine months ended September 30, 2025, we purchased short-term investment
securities totaling $32.9 million and sold short-term investment securities totaling $26.7 million, compared to purchases of $25.6 million
and sales of $28.3 million in the same period of 2024. During the nine months ended September 30,
2024, we made payments totaling $6.3 million related to the acquisition of Ibeo assets.

Financing
activities

Net
cash provided by financing activities totaled $67.8 million during the nine months ended September 30, 2025, compared to net cash provided
by financing activities of $26.2 million during the same period of 2024. During the nine months ended September 30, 2025, we repaid $5.0 million principal on our outstanding note payable plus a
10% repayment premium. Net proceeds from issuance of common stock and warrants were $73.3 million during
nine months ended September 30, 2025 compared to $26.1 million during the same period in 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