Microvision (MVIS) Secures $75M in Capital Commitments

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Go back to Microvision (MVIS) Secures $75M in Capital Commitments

MicroVision Strengthens Financial Position, Securing $75 Million in Capital Commitments

October 15, 2024 6:02 AM EDT

REDMOND, WA / ACCESSWIRE / October 15, 2024 / MicroVision, Inc. (NASDAQ: MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that it has strengthened its financial position by closing on a two-year $75 million senior secured convertible note facility with High Trail Capital.

"We are excited to announce this financing, which comes at an ideal time for MicroVision as we work toward securing additional revenue opportunities for 2025 and beyond with our integrated lidar hardware and software solution by advancing potential partnerships with multiple leading industrial customers in the heavy equipment... More