Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 306

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 306
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 are available to be issued,
maturities of partial repayments as a result of the Letter Agreement are as follows:

SCHEDULE
OF MATURITIES PARTIAL REPAYMENTS 

    (in thousands) 

    Years Ended December 31, 
    Maturities 
  
    2025 
    $22,000 
  
    2026 
     14,025 
  
    Total partial repayments 
    $36,025 

On
February 3, 2025, the Company entered into a new Securities Purchase Agreement (the “2025 Purchase Agreement”) with the Holder.
In exchange for $8.0 million, the Holder agreed to purchase up to 5,750,225 shares of common stock and warrants to purchase up to 5,750,225
shares of common stock at an exercise price of $1.57 per share. On February 4, 2025, the 2025 Purchase Agreement closed for net proceeds
of approximately $7.8 million, inclusive of initial fees and expenses related to the transaction.

59

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

There
have been no changes in or disagreements with accountants on accounting or financial disclosure matters during our fiscal years ended
December 31, 2024, 2023 and 2022.

ITEM
9A. CONTROLS AND PROCEDURES 

(a) Evaluation of Disclosure Controls and Procedures. Our Chief Executive Officer (CEO) and the Chief Financial Officer (CFO)
evaluated our disclosure controls and procedures (as defined in Rules 13a-15(e)) under the Securities and Exchange Act of 1934, as amended
(the “Exchange Act”), prior to the filing of this Form 10-K. Based upon that evaluation, our CEO and CFO concluded that,
as of December 31, 2024, our disclosure controls and procedures were effective.

(b)
Management’s Report on Internal Control Over Financial Reporting. Our management is responsible for establishing and maintaining
adequate internal control over financial reporting, as such term is defined in Exchange Act Rules 13a-15(f). Our management conducted
an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control —
Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on its evaluation
under the framework in Internal Control — Integrated