MicroVision Intends To Offer And Sell Shares Of Its Common Stock In $75M Public Offering
Portfolio Pulse from Benzinga Newsdesk
MicroVision plans to offer and sell shares of its common stock in a $75 million public offering. The company also expects to grant underwriters a 30-day option to purchase up to an additional $11.25 million of its common stock at the public offering price, less the underwriting discount.
June 13, 2023 | 8:57 pm
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MicroVision's $75M public offering of common stock may impact its stock price in the short term.
Public offerings often lead to a short-term decline in stock prices due to dilution of existing shares. As MicroVision is offering a significant amount of new shares, this may lead to a short-term negative impact on its stock price.
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