Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 161

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 161
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    2025 (remainder of year) 
    $870  
    $4 
  
    2026 
     3,420  
     16 
  
    2027 
     3,449  
     16 
  
    2028 
     3,386  
     7 
  
    2029 
     3,309  
     5 
  
    Thereafter 
     5,716  
     - 
  
    Total minimum lease payments 
     20,150  
     48 
  
    Less: amount representing
    interest 
     (2,562) 
     (3)
  
    Present value of capital
    lease liabilities 
    $17,588  
    $45 

11.
COMMITMENTS AND CONTINGENCIES

Purchase
Commitments

During
the quarter ended September 30, 2023, the Company entered into a $9.3
million purchase commitment with a contract manufacturing partner for the production of MOVIA L sensor inventory to support direct
sales to both automotive and non-automotive customers. During the quarter ended December 31, 2024, the Company entered into an
additional purchase commitment with the existing contract manufacturing partner of $1.8
million. Remaining future minimum payments of approximately $2.0
million are expected to be made by the Company through the remainder of 2025 and 2026.

    21

Litigation

The
Company is subject to various claims and pending or threatened lawsuits in the normal course of business. The Company is not currently
party to any legal proceedings that management believes are reasonably possible to have a material adverse effect on financial position,
results of operations, or cash flows.

12.
COMMON STOCK

In
March 2024, the Company entered into a $150 million ATM equity offering agreement with Deutsche Bank Securities, Inc., Mizuho Securities
USA LLC, and Craig-Hallum Capital Group LLC (collectively, the “Agents”). Under the agreement, the Company is able, with
discretion, to offer and sell shares of common stock having an aggregate value of up to $150.0 million through or directly to the Agents.
As of September 30, 2025, the sale of 77.6 million shares for net proceeds of $99.9 million had been completed. As of September 30, 2025,
approximately $46.2 million