MVIS MicroVision | Reverse Split Squeeze Candidate
LiDAR company completing a 1:15 reverse split tomorrow that reduces outstanding shares from 344m to 23.3m. MVIS has acquired Luminar assets, converted Caterpillar to a development agreement, launched Movia S sensor available in October with military and hyperscaler interest, and has 100+ prospects with $500m SAM revenue pipeline. The reverse split catalyst combined with product launches and deal momentum position this for upside.