MicroVision, Inc. announced that it will implement a 1-for-15 reverse stock split of its common stock, effective at 5:00 p.m. Eastern Time on August 1, 2026. The company is also reducing its total authorized shares. This action is intended to increase the per-share trading price to satisfy the minimum bid price requirement for its continued listing on The Nasdaq Capital Market.
Key Details
- Effective Date: The reverse stock split will be effective August 1, 2026, with split-adjusted trading beginning at market open on August 3, 2026.
- Ratio & Terms: Every fifteen shares of issued common stock will be combined into one share. Fractional shares will be rounded up to the nearest whole share.
- Authorized Shares: The total number of authorized capital stock will be reduced to 175,000,000 shares, consisting of 150,000,000 common shares and 25,000,000 preferred shares.