Microvision, Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature projection display technology, today announced that it has closed a $5 million financing with private investors that was announced on May 10, 2012. Microvision received approximately $5 million from the sale of approximately 3.34 million shares of the company’s common stock and warrants to purchase a total of 1 million shares of the company’s common stock at an exercise price of $2.12 per share, exercisable for three years from issuance.
Equity Investment from Private Investors
"The lead investor is Shmuel Farhi, a Canadian-based real estate developer and the sole owner of Farhi Holdings Corporation, which currently owns and manages over 4 million square feet of office, retail, and residential space in Canada valued at more than $500 million. Mr. Farhi is also majority owner of a new professional hockey team in California, the San Francisco Bulls. "
