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MicroVision terminating ATM +3
adds that 1.7M shares were sold under the agreement for
~$3.7M, which makes for an average selling price of $2.18. So,
the $5M available via the ATM was NOT fully exercised. MVIS is
still below $2 per share at present.
MicroVision has just issues a press release to state that it is terminating its ATM agreement with IFS Securities. This is good news and it hopefully signals the end of any further dilution. Some might take it as a prelude to some further transaction involving the company, since it's still a bit of a stretch to sustained profitability, even with recent deals.