Business Context and Reporting Period
This Form 8-K is a current report filed by MicroVision, Inc. on July 21, 2026, regarding corporate actions approved at the Annual Meeting of Shareholders held on July 10, 2026. The filing details a material modification to the rights of security holders involving a reverse stock split and a reduction in authorized capital stock.
Key Financial Metrics
This filing is a corporate governance report and does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on capital structure adjustments.
Material Changes Versus Prior Period
- Reverse Stock Split: Shareholders approved a 1-for-15 reverse stock split. Every 15 shares of issued and outstanding Common Stock will be combined into one share.
- Authorized Capital Reduction: The total authorized shares of capital stock are reduced to 175,000,000, consisting of 150,000,000 shares of Common Stock and 25,000,000 shares of Preferred Stock.
- Listing Transfer: The Company's transfer to The Nasdaq Capital Market became effective on July 20, 2026.
Outlook, Management Commentary, and Risks
Management determined the reverse stock split is in the best interests of the Company and its shareholders. The split is scheduled to become effective at 5:00 p.m. Eastern Time on August 1, 2026. Trading on a split-adjusted basis is expected to begin on The Nasdaq Stock Market on August 3, 2026, under the existing symbol "MVIS" with a new CUSIP number (594960403). No fractional shares will be issued; fractional entitlements will be rounded up to the nearest whole share. Proportionate adjustments will be made to outstanding stock options, warrants, and convertible notes.
Key Facts for Investor Verification
- Verify the effective date of the reverse stock split: August 1, 2026.
- Confirm the new trading start date: August 3, 2026.
- Check the new CUSIP number for the stock: 594960403.
- Review the definitive proxy statement filed on June 11, 2026, for additional details on the amendment.
- Note that the Company is now listed on The Nasdaq Capital Market as of July 20, 2026.