Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 473

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 4A
Chunk 473
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    December 31, 2024, we have approximately $113.6 million available under this sales agreement.

    ●
    In
    June 2021, we entered into a $140.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement we were able, at
    our discretion, to offer and sell shares of our common stock having an aggregate value of up to $140.0 million through Craig-Hallum.
    As of December 31, 2022, we had issued 8.3 million shares of our common stock for net proceeds of $81.8 million under this ATM agreement.
    During the quarter ended March 31, 2023, we issued 5.0 million shares of our common stock for net proceeds of $12.5 million under
    the agreement. The sales agreement was terminated in June 2023.

    ●
    In
    June 2023, we entered into a $45.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement, we were able, at
    our discretion, to offer and sell shares of our common stock having an aggregate value of up to $45.0 million through Craig-Hallum.
    As of June 30, 2023, we had completed sales under such sales agreement, having sold 10.9 million shares for net proceeds of $43.9
    million. No further shares are available for sales under this agreement.

Our
capital requirements will depend on many factors, including, but not limited to, the rate at which OEMs and other potential customers
introduce products incorporating our technology and the market acceptance and competitive position of such products. Our ability to raise
capital will depend on numerous factors, including the following:

    ●
    Perceptions
    of our ability to continue as a going concern;

    ●
    Market
    acceptance of products incorporating our technology;

    ●
    Changes
    in evaluations and recommendations by any securities analysts following our stock or our industry generally;

    ●
    Announcements
    by other companies in our industry;

    ●
    Changes
    in business or regulatory conditions;

    ●
    Announcements
    or implementation by our competitors of technological innovations or new products;

    ●
    The
    status of particular development programs and the timing of performance under specific development agreements;

    ●
    Economic
    and stock market conditions;

    ●
    The
    cost