MicroVision Prices 7 Million-Share Public Offering at 60 Cents a Share

Ultra-miniature laser-display and sensors supplier MicroVision priced its 7 million-share common-stock offering at 60 cents a share, said the company Friday. It expects to use the $3.7 million net proceeds for general corporate purposes, it said. Shares closed 14 percent lower Friday at 57 cents, matching their 52-week low. MicroVision said on its last quarterly earnings call in October that it’s on track to deliver its first consumer lidar products next year.