MicroVision Announces Closing of Public Offering of Common Stock and Warrants

Welcome To The Microvision HUB On AGORACOM

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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MicroVision Announces Closing of Public Offering of Common Stock and Warrants

posted on Nov 17, 2011 02:12PM

November 16, 2011 11:00 AM Eastern Time

REDMOND, Wash.--(BUSINESS WIRE)--MicroVision, Inc. (NASDAQ: MVIS) today announced the closing of its public offering of 17,948,716 shares of its common stock and warrants to purchase 8,974,358 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 1,251,092 additional shares sold upon exercise by the underwriter of its over-allotment option. MicroVision received net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $9.8 million from the offering. Oppenheimer & Co. Inc. acted as underwriter for the offering. MicroVision intends to use the net proceeds of the offering for general corporate purposes.

The securities described above were offered by MicroVision pursuant to its registration statement on Form S-3 that was previously filed and declared effective by the Securities and Exchange Commission (SEC). This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the offering. The offering may be made only by means of the prospectus supplement and the prospectus relating to the proposed offering, copies of which may be obtained, when available, from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 300 Madison Avenue, 4th Floor, New York, NY, 10017, by telephone at (212) 667-8563, or via email at [email protected].

http://www.businesswire.com/news/home/20111116006071/en/MicroVision-Announces-Closing-Public-Offering-Common-Stock

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