Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 327

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 3
Chunk 327
---
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, we made payments totaling $6.3 million related
to the acquisition of Ibeo assets compared to $11.2 million in the same period in 2023.

28

Financing
activities

Net
cash provided by financing activities totaled $72.9 million during the year ended December 31, 2024, compared to $72.4 million during
the same period of 2023. Proceeds received from stock option exercises totaled $0.1 million during the year ended December 31, 2024,
compared to $0.3 million during the same period in 2023. Net proceeds from issuance of common stock were $34.7 million during the year
ended December 31, 2024, compared to $72.3 million during the same period in 2023. In 2024, we received approximately $38.1 million in
net proceeds, inclusive of debt issuance costs, from the issuance of $45.0 million senior secured convertible notes. See Part II,
Item 8. Note 7, Notes Payable and Derivative Liabilities.

The
following is a list of our financing activities during 2024 and 2023.

    ●
    In
    October 2024, we entered into a Securities Purchase Agreement (the “Purchase Agreement”) for the purchase of senior secured
    convertible notes (the “Note”) with an institutional investor (the “Holder”). The principal amount for the
    initial note is $45.0 million, with an option for the Company to issue additional principal in the amount of $30.0 million of convertible
    notes to the Holder, subject to certain limitation. We received proceeds, net of all costs, of $38.1 million. 

    ●
    In
    March 2024, we entered into a $150.0 million ATM equity offering agreement with Deutsche Bank Securities, Inc., Mizuho Securities
    USA LLC and Craig-H