Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 160

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 160
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 cash used in investing
activities of $3.3 million during the three months ended March 31, 2024. During the three months ended March 31, 2025, we purchased short-term
investment securities totaling $10.3 million and sold short-term investment securities totaling $13.5 million. During the three months
ended March 31, 2024, we purchased short-term investment securities totaling $7.8 million and sold short-term investment securities totaling
$7.9 million. Purchases of property and equipment during the three months ended March 31, 2025 and 2024 were $0.1 million. During the
three months ended March 31, 2024, we made payments totaling $3.3 million related to the acquisition of Ibeo assets.

Financing
activities

Cash
provided by financing activities totaled $8.2 million during the three months ended March 31, 2025, compared to net cash provided by
financing activities of $21.0 million during the same period of 2024. Proceeds received from stock option exercises totaled $0.1
million during the three months ended March 31, 2024. Net proceeds from issuance of common stock and warrants were $8.2 million
during the three months ended March 31, 2025 compared to $21.0 million during the three months ended March 31, 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 $38.1 million.

●In
                                            March 2024, we entered into a $150.0 million ATM equity offering agreement with Deutsche