Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 7

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 7
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 other factors. We are not able to control many of these factors. Accordingly, our cash
flow may not be sufficient to allow us to pay principal on the note and any additional convertible notes issued under the
securities purchase agreement or meet our other obligations thereunder. Our level of indebtedness under the securities purchase agreement
could have other important consequences, including the following:

    ●
    we
    may need to use a substantial portion of our cash flow from operations to pay principal on the convertible note and any additional
    convertible notes issued under the securities purchase agreement, which would reduce funds available to us for other purposes such as working
    capital, capital expenditures, potential acquisitions and other general corporate purposes;

    ●
    we
    may be unable to refinance our indebtedness under the securities purchase agreement or to obtain additional financing for working capital, capital
    expenditures, acquisitions, or general corporate purposes;

    ●
    we
    may be unable to comply with financial and other covenants related to the convertible note, which could result in an event of default that,
    if not cured or waived, may result in acceleration of the note and any additional convertible notes issued under the
    securities purchase agreement and would have an adverse effect on our business and prospects, could cause us to lose the rights to our intellectual
    property, and could force us into bankruptcy or liquidation;

    ●
    the
    conversion of the convertible note and any additional convertible notes issued under the securities purchase agreement could result in significant
    dilution of our common stock, which could result in significant dilution to our existing stockholders and cause the market price
    of our common stock to decline; and

    ●
    we
    may be more vulnerable to an economic downturn or recession and adverse developments in our business.

There
can be no assurance that we will be able to manage any of these risks successfully.

Our
obligations to the holder pursuant to the October 2024 convertible note, and any additional convertible notes, are secured by a security interest
in all of our bank and securities accounts, now owned and hereafter created or acquired, and if we default on those obligations, the
holder could foreclose on our bank and securities accounts.

Our
obligations under the convertible note, and any additional convertible notes issued pursuant to the October 2024 securities purchase agreement, and the related
transaction documents, are secured by a security interest in all of our bank and securities accounts, now owned