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Sunday, March 16, 2014

Microvision to raise $13.9 million in a public offering

Microvision to raise $13.9 million in a public offering:

Microvision new logoTen days ago, Microvision announced their financial results for Q4 2013, and it was clear that the company needs to raise money soon as they have $5.4 million in cash and equivalents and they lost around $2.4 million in the quarter.

Today Microvision announced that indeed it plans to raise money - in fact they want to raise $13.9 million by offering new stocks and warrants. The offering is expected to close on March 18.

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