By Sheri Kasprzak
New York, Sept. 1 - Microvision, Inc. said it has wrapped a private placement for $1.5 million.
The company sold 285,714 shares at $5.25 each.
The investors received warrants for 64,373 shares, exercisable at $6.50 each for five years.
Based in Bothell, Wash., Microvision develops high-resolution displays and imaging systems used in military, medical, industrial and consumer applications.
| Issuer: | Microvision, Inc.
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| Issue: | Stock
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| Amount: | $1.5 million
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| Shares: | 285,714
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| Price: | $5.25
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| Warrants: | For 64,373 shares
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| Warrant expiration: | Five years
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| Warrant strike price: | $6.50
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| Settlement date: | Sept. 1
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| Stock price: | $5.56 at close Aug. 31
|
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