SplitJun 1, 2026, 05:02 PM
MicroVision Seeks Shareholder Approval for Reverse Stock Split
AI Summary
MicroVision, Inc. announced its plan to seek shareholder approval for an amendment to its certificate of incorporation to allow its Board of Directors to effect a reverse stock split. The proposed ratio would be between 1-for-5 and 1-for-15, aimed at preserving its Nasdaq listing, supporting capital flexibility, and appealing to a wider range of investors. The company has set May 28, 2026, as the record date for shareholders to vote at the Annual Meeting, scheduled virtually for July 10, 2026.
Key Highlights
- MicroVision plans to seek shareholder approval for a reverse stock split.
- The proposed reverse stock split ratio will be between 1-for-5 and 1-for-15.
- The Board of Directors will determine the exact ratio if approved by shareholders.
- The record date for shareholders entitled to vote at the Annual Meeting is May 28, 2026.
- The 2026 Annual Meeting of Shareholders will be held virtually on Friday, July 10, 2026, at 9:00 am PT.
- The company filed a preliminary proxy statement on Schedule 14A with the SEC.
- Saratoga Proxy Consulting LLC has been retained for proxy solicitation at an estimated cost of $10,000 plus expenses.
Price Impact
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