WASHINGTON (dpa-AFX) - MicroVision, Inc. (MVIS) said Wednesday that it has closed its public offering of about 17.95 million shares of its common stock and warrants to purchase about 8.97 shares of its common stock at a price to the public of $0.585 per share and accompanying warrant, as well as warrants to purchase about 1.25 million additional shares sold upon exercise by the underwriter of its over-allotment option.
The company said it received net proceeds, after deducting the underwriting discount and estimated offering expenses, of about $9.8 million from the offering.
MicroVision plans to use the net proceeds of the offering for general corporate purposes.
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