MicroVision Prices 14.4-Million-Share Public Stock Offering at $1.25 a Share

June 13, 2018 |Companies

Pico projection supplier MicroVision priced its public offering of 14.4 million shares of common stock at $1.25 a share, said the company Tuesday. That was 4 cents lower than Monday close. MicroVision plans to use the estimated $16.7 million in net proceeds from the offering for general corporate purposes, it said. Besides pico projection, MicroVision is a developer of laser-based 3D-sensing technology for autonomous driving (see 1607290012).