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Microvision, Inc. Closes $25.1 Million Public Offering of Common Stock and Warrants
Microvision, Inc. Closes $25.1 Million Public Offering of Common Stock and WarrantsREDMOND, Wash.--(BUSINESS WIRE)--June 8, 2006--Microvision, Inc. (NASDAQ: MVIS - News) announced today the closing of its public offering of 10,750,000 shares of its common stock and warrants to purchase 10,750,000 shares of its common stock at a price of $2.21 per share of common stock and $.125 per accompanying warrant before underwriting discounts and commissions. Net proceeds received by the Company after underwriter fees and offering expenses were approximately $23.5 million.
MDB Capital Group LLC is acting as the sole underwriter of the offering. The Company has also granted the underwriter an over allotment option.
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