- MicroVision (MVIS) has approved a reverse stock split of the company's outstanding common stock at a ratio of 1-for-15.
- 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 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.
- The move will reduce the number of outstanding shares proportionally, while the number of authorized shares of common stock will be reduced from 510M to 150M.
- MVIS shares fell nearly 12% premarket.
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