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Microvision cancels $75 million committed equity financing facilities
Azimuth Opportunity was to buy company shares in two offerings
By Devika Patel
Knoxville, Tenn., Nov. 15 - Microvision, Inc. terminated two committed equity financing facilities with Azimuth Opportunity Ltd. on Nov. 11, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The two facilities were negotiated for $40 million in May and for $35 million in September.
Based in Bothell, Wash., Microvision develops high-resolution displays and imaging systems used in military, medical, industrial and consumer applications.
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