SplitJul 22, 2026, 09:26 AM
MicroVision Announces 1-for-15 Reverse Stock Split
AI Summary
MicroVision, Inc. announced a 1-for-15 reverse stock split of its common stock, approved by shareholders on July 10, 2026. The reverse split will become effective on August 1, 2026, with split-adjusted trading commencing on Nasdaq on August 3, 2026, under the existing ticker "MVIS" and a new CUSIP number. This action is intended to increase the per-share trading price to satisfy Nasdaq's minimum bid price requirement for continued listing, while also reducing the total authorized shares of capital stock to 175,000,000.
Key Highlights
- Shareholders approved a 1-for-15 reverse stock split on July 10, 2026.
- The reverse stock split will become effective at 5:00 p.m. ET on August 1, 2026.
- Common stock will begin trading on a split-adjusted basis on Nasdaq on August 3, 2026.
- The total authorized shares of capital stock will be reduced to 175,000,000.
- The reverse split is intended to maintain Nasdaq listing compliance by increasing per-share trading price.
- Fractional shares will be rounded up to the nearest whole share.
Price Impact
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