Microvision Announces $35M At-the-Market Equity Facility With Craig-Hallum Capital Group
Portfolio Pulse from Benzinga Newsdesk
Microvision, Inc. (MVIS) has announced a $35 million at-the-market equity facility with Craig-Hallum Capital Group. This move will allow Microvision to sell shares directly to the public at market prices.
August 29, 2023 | 8:24 pm
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Microvision's new equity facility could lead to dilution of shares, potentially impacting the stock price negatively in the short term.
The announcement of a new equity facility means that Microvision may sell additional shares to the public. This could increase the number of outstanding shares, leading to dilution. Dilution often leads to a decrease in share price as it reduces earnings per share. Therefore, this news could have a negative impact on MVIS's stock price in the short term.
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