Wednesday, September 29, 2010

Microvision Taps $12.375M From Azimuth

Redmond-based Microvision said earlier this week that it has tapped $12.375M in financing from Azimuth Opportunity, Ltd., as part of an earlier announced equity financing facility. the firm--which develops pico projector technology--had said in August that it had agreed to raise up to $60M in sales of common stock to Azimuth over the next 24 months. The firm said the new funds will go towards general corporate purposes, including working capital and capital expenditures.