Microvision Said Entered Into Sales Agreement With Craig-Hallum Capital Group Relating To Sale Of Up To $45M Of Co's Common Stock
Portfolio Pulse from Charles Gross
Microvision has entered into a sales agreement with Craig-Hallum Capital Group for the sale of up to $45 million of the company's common stock.
June 16, 2023 | 10:47 am
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Microvision's agreement with Craig-Hallum Capital Group to sell up to $45 million of common stock may impact the stock price.
Microvision's agreement to sell up to $45 million of common stock may lead to an increase in the number of shares outstanding, potentially diluting existing shareholders. However, the additional capital raised could be used for growth initiatives or to strengthen the company's balance sheet. The overall impact on the stock price is uncertain, as the potential benefits and drawbacks may offset each other.
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