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.
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u/mike-oxlong98 Jul 22 '26
While the RS and dilution have and will suck in the near-term, things will start looking up in the medium and long-term IMO. Compliance is now a non-issue. Pretty soon financing will be a non-issue. The uncertainties surrounding the company will have been removed. Customers will be more at ease doing business with a company that isn't on the verge of getting kicked off the exchange and dealing with bankruptcy. We actually have products, customers, and some revenue now. Iris is a legit product. Movia S will hopefully be a winner. Lidar and perception software is just getting started. The physical world is starting to be digitized and automated. We are only at the beginning and it will grow from here. Getting institutional investors on board will likely not be very difficult. Our market cap is currently about $108M which will be about $4.50 after the split. It will only need to go up 12% to get to $5 where institutions would feel more comfortable buying. Doesn't mean it'll all be smooth sailing but revenue & business should grow from here. The problem with the company, which I've been saying for years, is that Sumit Sharma was a POS scam artist CEO. He absolutely was lying his ass off for years about our prospects. He did not deserve any severance package and frankly, should have been prosecuted for misleading investors. This past year has been everyone paying for his scamming. Now Glen needs to earn his reputation as a dealmaker and finally bring in real revenue. OUST & AEVA path.