![]() ![]() ![]() I guess I reluctantly should wade in here. YMMV - NOT a financial expert - don't control enough shares to gurgle a toilet, so on and so forth. I want to hear some more specifics before I vote for a 100M share pile of ammo for bear season. Have not allocated any specific portion of the proposed increase in the authorized number of shares to any particular purpose. We have no specific plan, commitment, arrangement, understanding or agreement,Įither oral or written, regarding the issuance of common stock subsequent to this proposed increase in the number of authorized shares at this time, and we Incorporation, applicable law or the rules of any stock exchange on which MicroVision securities may then be listed.Īlthough we expect to require raising additional capital to fund our operations in the long term, which may involve the issuance of some of the newlyĪuthorized common stock, there is currently no transaction pending. The availability of additional authorized shares of common stock would allow us to executeĪny of these transactions in the future without additional shareholder approval, except as may be required in particular cases by our Certificate of Investments in us by strategic partners, including customers. Needs for the execution of our business strategy in the long term, capital markets transactions with institutional and other financial partners, and equity Our Board believes it is in the best interest of MicroVision and its shareholders to increase the number of authorized shares of common stock to provideįlexibility to issue shares of common stock for general corporate purposes, which could include equity-based financing transactions to support liquidity We certainly hope you are correct but we all know hope is not a plan.
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