MicroVision (MVIS) Registration Filing summary

Company overview and business model

• Develops lidar hardware and software solutions for automotive ADAS and autonomous vehicles, as well as industrial, robotics, and smart infrastructure markets.

• Leverages proprietary MEMS, laser, and software technology, with a history of innovation in microdisplay and interactive display modules.

• Acquired assets from Ibeo Automotive Systems in 2023, enhancing automotive-grade lidar capabilities and expanding into non-automotive applications.

• Offers integrated solutions combining dynamic-range lidar sensors, perception software, and custom ASICs for OEMs and Tier 1 suppliers.

• Has not yet secured customers at scale and continues to incur significant losses.

Financial performance and metrics

• Incurred substantial losses since inception, with significant losses in fiscal years 2023 and expected for 2024.

• For the year ended December 31, 2023, reported a loss per share of $0.45.

Use of proceeds and capital allocation

• Will not receive any proceeds from the resale of shares by the selling stockholder; proceeds go to the selling stockholder.

• Agreed to pay all costs related to registration of shares, including legal and accounting fees.