MicroVision (MVIS) Registration filing summary

Company overview and business model

• Develops next-generation lidar-based perception solutions for automotive, industrial, and security & defense markets, offering integrated hardware and software for ADAS and autonomy features.

• Product portfolio includes solid-state lidar sensors (MOVIA, MAVIN, IRIS, HALO, Scantinel FMCW) and open software solutions, targeting OEMs, Tier 1 suppliers, and industrial sectors.

• Recent acquisitions include assets from Ibeo Automotive Systems, Scantinel Photonics, and Luminar Technologies' lidar business, expanding technology and market reach.

• Founded in 1993, with engineering teams in the U.S. and Germany, leveraging proprietary MEMS and laser beam scanning technology.

Financial performance and metrics

• Net tangible book value at December 31, 2025 was $55.5 million ($0.18 per share); as-adjusted post-offering would be $96.3 million ($0.23 per share).

• For the year ended December 31, 2025, reported a loss per share of $0.35.

• Has incurred significant losses since inception and expects continued losses in the near term.

Use of proceeds and capital allocation

• Net proceeds are intended for general corporate purposes, including working capital and capital expenditures.

• Pending use, proceeds will be invested in investment-grade, interest-bearing instruments.

• Management has broad discretion over allocation of proceeds.