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MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature laser display technology, today announced that although more than 95 percent of the votes cast have voted FOR approval of the registered direct offering of common stock and warrants to purchase common stock at the Special Meeting of the Company’s Stockholders scheduled for today, the meeting will be adjourned due to the expected lack of a quorum. A majority of the Company’s outstanding common stock must be present at the Special Meeting, either in person or by proxy, to establish a quorum, but only approximately 26 percent of the outstanding shares have been voted to date.
The Special Meeting of the Company’s Stockholders will be adjourned to Friday, September 13, 2013 at 11:00 a.m., Pacific Time, and will be held at The Redmond Inn, 17601 Redmond Way, Redmond, WA 98052. The meeting is being adjourned to provide the Company with additional time to solicit proxies from its stockholders to establish a quorum for the conduct of business at the Special Meeting of Stockholders.
The Company’s proxy materials, including its Notice of the Special Meeting, which were previously filed and mailed to the Company’s stockholders on or about July 10, 2013, as well as the agenda for the meeting set out therein, remain unchanged. The record date for the stockholders entitled to vote at the special meeting remains the close of business on June 27, 2013.
Stockholders who have not voted as of yet are encouraged to submit their votes. Information related to the vote can be found on the
Investor page of MicroVision’s website.
MicroVision is the creator of PicoP® display technology, an ultra-miniature laser projection solution for mobile consumer electronics, automotive head-up displays and other applications. MicroVision’s patented display technology helps OEMs break down display boundaries and offer enhanced visibility to mobile experiences. Nearly two decades of research has led MicroVision to become an independently recognized leader in the development of intellectual property. MicroVision’s IP portfolio has been recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and is also included in the Ocean Tomo 300 Patent Index. The company is based in Redmond, Wash.