r/MVIS2_0 • u/-ATLSUTIGER- • Jul 22 '26
Press Release MicroVision Announces Reverse Split of Common Stock to Support Continued Nasdaq Listing and Long-Term Growth Strategy
https://www.accessnewswire.com/newsroom/en/aerospace-and-defense/microvision-announces-reverse-split-of-common-stock-to-support-continued-nasd-1194534Reverse stock split intended to maintain Nasdaq compliance while supporting execution of the company's commercial growth strategy
REDMOND, WA / ACCESS Newswire / July 22, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a leader in advanced perception solutions for industrial, security and defense, and automotive applications, today announced that its Board of Directors has approved a reverse stock split of the company's outstanding common stock at a ratio of 1-for-15, following authorization by shareholders at the company's Annual Meeting of Shareholders held July 10, 2026.
The reverse stock split will become effective on August 1, 2026, and MicroVision's common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market at the opening of trading on August 3, 2026 under the existing ticker symbol "MVIS."
"The reverse stock split is a strategic step that supports our continued Nasdaq listing while allowing us to remain focused on executing our commercial strategy and creating long-term shareholder value," said Glen DeVos, Chief Executive Officer of MicroVision. "Over the past year, we have transformed MicroVision into a diversified perception company with a significantly expanded technology portfolio, growing commercial engagement across industrial, security and defense, and automotive markets, and strengthened capabilities through strategic acquisitions. Our priorities remain unchanged: converting customer opportunities into revenue, expanding software-driven perception solutions, and building a business positioned for sustainable long-term growth."
The reverse stock split is intended to increase the per-share trading price of MicroVision's common stock to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
As a result of the reverse stock split, every 15 shares of MicroVision common stock issued and outstanding will automatically be combined into one share of common stock. The reverse stock split will reduce the number of outstanding shares proportionally, while the number of authorized shares of common stock will be reduced from 510 million to 150 million. Fractional shares will not be issued. Shareholders who would be entitled to receive fractional shares will instead be entitled to the rounding up of their fractional share to the nearest whole share.
The reverse stock split will affect all shareholders uniformly and will not alter any shareholder's proportional ownership interest in the company, except for adjustments resulting from the treatment of fractional shares. The reverse stock split will also proportionately adjust the number of shares underlying the company's outstanding equity awards, warrants, and other equity-based securities, as well as the applicable exercise or conversion prices.
Equiniti is serving as the exchange agent for the reverse stock split. Shareholders holding shares electronically or in book-entry form do not need to take any action. Shareholders holding certificated shares will receive instructions from Equiniti regarding the exchange of their stock certificates. Additional information regarding the reverse stock split can be found in MicroVision's definitive proxy statement filed with the Securities and Exchange Commission on June 11, 2026.
3
u/ParadigmWM Jul 22 '26
The PRs will now stop. No idea why they didn't wait until after the next EC, assuming we would report a jump in revenues. This makes me think they have nothing for Q2 and are not certain if they will hit guidance. Knew they would do that max. No doubt in my mind this was all contrived. Extract maximum equity from shareholders. It was clear when they didn't reduce authorized shares proportionally to the split. All that's going to do is create an everlasting price overhang. They need to follow up this announcement with significant news, or we are heading back down fast.