Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 163

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 163
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closing.

In preparation for the acquisition, the
Company is establishing a new entity pursuant to German law (“NewCo”) to facilitate the purchase of certain assets of Scantinel pursuant
to the APA for approximately $0.4
million. The Company is working with certain strategic funding partners to jointly invest in NewCo, both prior and subsequent
to the closing of the acquisition.

The
acquisition of Scantinel’s assets by NewCo is expected to close prior to December 31, 2025. Completion of the transaction
remains subject to closing conditions, including obtaining clearance from the German Federal Ministry for Economic Affairs and
Energy, and will only occur once these closing conditions have been met or waived. The APA also provides the Company with the right
to withdraw from the APA if certain conditions are not met prior to closing for a fee of $0.2
million. The purchase price, advanced funding, and potential breakage fee are not expected to have a material impact on the
Company’s consolidated financial statements.

The
purpose of the Company’s acquisition of the Scantinel technology and investment in the go-forward business is to  expand the Company’s product portfolio, broaden its addressable market, and develop key strategic and commercial partnerships.

On
October 17, 2025 and November 7, 2025, the Company advanced operating funds of $0.6
million on each date to Scantinel. The Company expects to advance up to an additional $0.6
million in operating funds prior to closing.

22

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-looking
statements

The
information set forth in this report in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results
of Operations,” and Item 3, “Quantitative and Qualitative Disclosures about Market Risk,” includes “Forward-Looking
Statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and
Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is subject to the safe harbor created
by those sections. Such statements may include, but are not limited to, projections of revenues and expenses, and measures of income
or loss, status of product development and performance, market opportunity and future demand, partner and customer engagement, cooperative
arrangements, strategic