Microvision enacts One-for-Eight Reverse Stock Split

Microvision, Inc. (NASDAQ:MVIS) has traded as high as $4.67 during today�s trading session and last traded at $4.33 for a loss of 8.26% from Friday�s close� MVIS has traded as high as $14.16 (Calculated – $1.77 x 8) over the past 52 weeks and is now trading 69.42% off that high.Get my next ALERT 100% FREE

MicroVision provides the PicoP� display technology platform designed to enable next-generation display and imaging products for pico projectors, vehicle displays and wearable displays that interface with mobile devices. The company�s PicoP� laser display engine uses highly efficient laser light sources that create vivid images with high contrast and brightness.

On February�17, 2012, MicroVision filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to�effect a one-for-eight reverse stock split of the Company�s issued and outstanding common stock, par value $0.001 per share reducing �the total number of shares of common stock that the Company shall have the authority to issue by 100,000,000 shares from 200,000,000 to 100,000,000 shares and reduce the total number of shares of capital stock that the Company is authorized to issue by the same amount.

As a result of the one-for-eight reverse stock split, at the Effective Time, each eight shares of the Company�s common stock issued and outstanding immediately prior to the Effective Time will be automatically combined into and become one share of Company common stock. Stockholders of record who otherwise would be entitled to receive fractional shares are entitled to rounding up of their fractional share to the nearest whole share. The Reverse Stock Split will not alter the par value of the common stock or modify any voting rights or other terms of the common stock.

At the Effective Time, the number of shares reserved for issuance under, the number of shares subject to awards under, the per-share exercise or purchase price with respect to awards under, the share-based limitations under, and other relevant provisions under the Company�s 2006 Incentive Plan and Independent Director Stock Option Plan will be appropriately adjusted to reflect the Reverse Stock Split. The adjustments will be made in accordance with the terms of the plans and include a proportionate increase in the exercise price of outstanding options and a proportionate decrease in the number of shares of common stock issuable upon the exercise of outstanding options.

Also, at the Effective Time, the exercise prices and the number of shares of common stock issuable upon exercise of the Company�s warrants will be, in accordance with their terms, increased and decreased, respectively, in proportion to the exchange ratio.