Microvision (NASDAQ:MVIS) Shares Plunge as it Plans Stock offering
Stock Plans
Dallas, TX 11/19/2009 03:58 PM GMT (TransWorldNews)
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Microvision, Inc. (NASDAQ:MVIS) plunged 23% to $3.18 after it intends to offer to sell, subject to market and other conditions, shares of its common stock in an underwritten public offering. Oppenheimer & Co. Inc. and Thomas Weisel Partners LLC are the joint book-running managers and Craig Hallum Capital Group LLC is acting as co-manager for the offering.
Microvision, Inc. (Microvision) is a developer of miniature display and imaging engines based upon its integrated photonics module (IPM) technology platform. The Company’s technology platform combines two dimensional Micro-Electrical Mechanical system (MEMS) light scanning technologies, lasers, optics, electronics, and its system controls expertise into compact display or imaging solutions that will lead to new applications and products in the consumer and automotive markets.
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