MICROVISION, INC. Material Event - What Happened

MicroVision recently made a significant move. For investors seeking a clear, straightforward understanding of this development, here's a summary of what happened and what it means:

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1. The Big News: MicroVision Acquires Key Lidar Assets

MicroVision has officially completed a strategic acquisition. The company purchased specific intellectual property, patents, and technological assets for lidar technology from Luminar Technologies, Inc. Essentially, MicroVision acquired crucial blueprints, inventions, and specialized tools related to laser-based sensing. MicroVision first announced this deal on January 30, 2026, and it officially closed on February 3, 2026.

2. Why This Deal Matters for MicroVision

MicroVision made this acquisition to significantly strengthen its position in the competitive lidar market. By acquiring these assets, the company aims to:

• Boost its Patent Portfolio: Gaining new patents and intellectual property protects MicroVision's innovations and provides a competitive edge.
• Accelerate Product Development: Integrating Luminar's technology will speed up the creation of next-generation lidar solutions for applications like autonomous vehicles and advanced robotics.
• Expand Market Reach: This acquisition could enable MicroVision to enter new market segments or enhance existing product lines with more advanced features.

MicroVision paid $33 million for these assets, using its existing cash reserves. This approach avoids new debt or issuing more shares, which is generally a positive sign for investors as it prevents immediate dilution of existing ownership or increased financial leverage.

3. What This Means for Investors and the Market

• For MicroVision Investors: This $33 million investment signals MicroVision's commitment to long-term growth and its ambition to become a dominant player in lidar. While funded by cash, investors should consider the impact on the company's overall cash reserves and future operational expenses related to integrating these assets.
• For Luminar Technologies: Luminar's sale suggests it is streamlining operations, potentially focusing on other core areas or divesting non-strategic assets.
• For the Lidar Market: This acquisition could intensify competition and accelerate innovation within the industry, driving more advanced and cost-effective lidar solutions for customers.

4. What Happens Next: Integration and Financial Details

With the deal now closed, MicroVision will focus on integrating these newly acquired intellectual property and technological assets into its existing research, development, and manufacturing processes. This involves combining technical teams, aligning product roadmaps, and ensuring the new assets contribute effectively to MicroVision's strategic goals.

MicroVision will file more detailed financial information about this acquisition within the next 71 days. This upcoming filing will provide a clearer picture of the financial impact, including:

• Pro Forma Financials: How the acquisition might have affected past financial statements if it had occurred earlier.
• Balance Sheet Impact: Specific changes to assets, liabilities, and equity.
• Potential Impact on Earnings: Any expected effects on future revenue, costs, and ultimately, earnings per share.

5. Key Things to Watch For

• Product Announcements: Look for updates on how MicroVision incorporates these new assets into its product roadmap and any new product launches.
• Integration Progress: Monitor how smoothly the company integrates the new technology and any personnel who may have joined with the assets.
• Financial Performance: Pay close attention to the detailed financial disclosures in the coming months to understand the acquisition's full economic impact on MicroVision's profitability and cash flow.
• Competitive Landscape: Observe how this acquisition shifts MicroVision's competitive standing against other lidar players.

This acquisition represents a concrete step by MicroVision to expand and strengthen its core lidar business. While it presents significant opportunities for growth and innovation, investors should also be mindful of the inherent risks associated with integrating new technologies and the ongoing competitive pressures in the lidar market.