MicroVision stock price rises after $43 million debt refinancing

LootboxPhobia · 2026-02-25T05:28:59+00:00

MicroVision Inc's stock price rose 3.8% after securing $43 million in convertible note financing, delaying debt repayment and strengthening the balance sheet. This financing exchanged the notes due in 2026 for $20.6 million in new notes and $22.4 million in new notes, improving the company's financial position and supporting business integration and accelerated product delivery.

LootboxPhobia

2026-02-25 05:28:59

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Investing.com – MicroVision Inc (NASDAQ:MVIS) stock rose 3.8% on Tuesday after the company announced a $43 million senior secured convertible note financing, which defers existing debt obligations and strengthens the balance sheet.

The financing includes exchanging a previously issued 2026 maturity senior secured convertible note for approximately $20.6 million of new notes due March 2028, and purchasing about $22.4 million of the same senior secured convertible notes due March 2028. The transaction was completed on February 23, 2026, with High Trail Capital.

These notes are zero-coupon, due March 1, 2028, and can be redeemed for cash or, under certain conditions, in the form of the company’s common stock. WestPark Capital, Inc. served as the exclusive placement agent for the transaction.

MicroVision CEO Glen DeVos said, “We are pleased to partner with our financial partner High Trail Capital to secure new capital and defer existing debt repayment obligations, both of which strengthen our financial position at this critical time.”

The company stated that the improved financial position will support the integration of assets and businesses recently acquired from Luminar Technologies and Scantinel Photonics. DeVos noted that this capital will help accelerate the benefits expected from these acquisitions, as the company works to ensure production capacity and speed up product delivery.

MicroVision develops advanced perception solutions for autonomous driving and mobile applications.

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