Microvision to raise $13 million in a public offering

Microvision new logoMicrovision announced that is is set to raise $13 million in a new underwritten public offering. The sole underwriter for this offering is Ladenburg Thalmann & Co. Inc.

The new proceeds is expected to be around $11.8 million, which will be used for general corporate purposes. The offering is expected to close on or about December 14, 2016. Last month Microvision announced it had $5.8 million in cash and equivalents.

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