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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?


To: Dwayne Hines who wrote (7396)6/17/2014 1:24:19 PM
From: Savant  Read Replies (2) | Respond to of 7720
 
MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display technology, today announced it entered into a $4.5 million At-the-Market (ATM) equity offering agreement with Meyers Associates, L.P. (doing business as Brinson Patrick, a division of Meyers Associates, L.P.), or Brinson Patrick, on June 16, 2014.

Under the agreement MicroVision may, from time to time, at its discretion offer and sell shares of its common stock having an aggregate value of up to $4.5 million through Brinson Patrick.


MicroVision intends to use the net proceeds from this facility, if any, for general corporate purposes, which may include, but are not limited to, working capital, capital expenditures and acquisitions of other technologies.

Under the ATM equity offering sales agreement, sales of common stock, if any, through Brinson Patrick, will be made by means of ordinary brokers' transactions, in negotiated transactions, to or through a market maker other than on an exchange or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices, or at negotiated prices and/or any other method permitted by law.

The common stock will be offered under MicroVision's existing effective shelf registration statement (including a prospectus) filed with the Securities and Exchange Commission. A prospectus supplement related to the offering has been filed with the Securities and Exchange Commission. Any offer, solicitation or sale will be made only by means of the prospectus supplement and the accompanying prospectus. Current and potential investors should read the prospectus forming part of the registration statement, and the prospectus supplement relating to the at-the-market offering and other documents the company has filed with the SEC for more complete information about MicroVision and the At-the-Market offering program.

A copy of the prospectus supplement and accompanying prospectus relating to these securities may be obtained by contacting Brinson Patrick, a division of Meyers Associates, L.P. at 3 Columbus Circle 15th Floor, New York, NY 10019, Attention: Investment Banking, by telephone at (212) 453-5000, or by email at info@bpmeyers.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor may there be any sale of MicroVision's common stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any state or jurisdiction.

About MicroVision

MicroVision is the creator of PicoP(R) display technology, an ultra-miniature laser projection solution for mobile consumer electronics, automotive head-up displays and other applications. The company is based in Redmond, Wash.

MicroVision and PicoP are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

Forward-Looking Statements


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*Don't know, could be, but wouldn't be very expensive, if so.....