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4 stories mentioning MVISUpdated 23d ago

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Wire

MicroVision Board Approves 1-for-15 Reverse Stock Split

MicroVision's (MVIS) board approved a 1-for-15 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement for continued listing, the company said Wednesday.The reverse stock split will be effective Aug. 1, reducing the company's outstanding shares proportionally and its authorized shares to 150 million from 510 million, it said.MicroVision said its shares will trade on a post-split basis from Aug. 3.MicroVision shares were down more than 10% early Wednesday.Price: $0.31, Change: $-0.04, Percent Change: -10.29%

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Wire

MicroVision, IDI Laser Collaborate on Industrial, Defense, Security Markets Across Southeast Asia

MicroVision (MVIS) said Wednesday that it has named IDI Laser as its partner for industrial, defense, and security markets in Southeast Asia.Under the agreement, IDI Laser will represent MicroVision's portfolio of lidar and perception products and services in Singapore, Thailand, Indonesia, the Philippines, Hong Kong, and Taiwan. Financial terms were not provided.MicroVision said IDI Laser will also support customer engagements involving perimeter security, critical infrastructure protection, intelligent surveillance, industrial automation, situational awareness, and autonomous systems, among other applications.Shares of MicroVision were up 2.1% in early Wednesday trading.Price: $0.33, Change: $+0.01, Percent Change: +2.14%

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Wire

MicroVision to Supply Lidar Technology for Hauling Vehicles

MicroVision (MVIS) said Wednesday that it has signed a master development agreement with a construction and mining equipment manufacturer to develop and integrate lidar technology into autonomous hauling equipment.Financial terms and the name of the manufacturer were not disclosed.The company said the agreement creates a framework for the parties to develop, test and commercialize perception systems for autonomous equipment used in industrial operations.MicroVision said the initial configuration uses two Iris lidar sensors on each hauling truck, with potential future adoption of its Halo sensor platform.The company said development, testing and validation activities are underway to support the customer's future autonomous equipment plans.Price: $0.38, Change: $+0.02, Percent Change: +5.34%

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Wire

MicroVision Files Proxy Statement, Seeks Authority for Reverse Stock Split

MicroVision (MVIS) said Tuesday that it filed a preliminary proxy statement for its July 10 annual shareholder meeting, seeking approval for a proposal that would allow its board to implement a reverse stock split.Chairman Robert Carlile said the proposed reverse split is intended to help preserve the company's Nasdaq listing, maintain capital flexibility and attract a broader range of investors.MicroVision's stock fell over 9% during Tuesday's premarket.Price: $0.54, Change: $-0.06, Percent Change: -9.80%

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