MicroVision Secures $40 Million Committed Equity Financing Facility

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MicroVision Secures $40 Million Committed Equity Financing Facility

posted on May 05, 2011 02:49PM

REDMOND, Wash., May 05, 2011 (BUSINESS WIRE) --

MicroVision, Inc. (Nasdaq: MVIS) today announced that it has secured a committed equity financing facility under which it may sell up to $40 million of its shares of common stock to Azimuth Opportunity, Ltd. over a 24-month period. MicroVision is not obligated to use the facility and remains free to enter into and consummate other equity and debt financing transactions.

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