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Microvision to raise around $6 million in a public stock offering
Tuesday, March 22, 2016 6:24
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Microvision announced it intends to initiate a new public stock offering with an aim to raise between $5.39 million to $6.24 million (net after fees). Microvision will sell 3,529,412 shares of common stock at a public offering price of $1.70 per share.
Microvision recently reported their financial results for 2015 with revenues of $9.2 million and a net loss of $14.5 million. As of December 31, 2015, the company had a backlog of $11 million and $7.9 million in cash and equivalents.
Source: http://www.picoprojector-info.com/microvision-raise-around-6-million-public-stock-offering
