MicroVision, Inc. will implement a 1-for-15 reverse stock split effective August 1, 2026, to increase its per-share trading price and satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company's common stock will begin trading on a split-adjusted basis at the opening of trading on August 3, 2026, under the existing ticker symbol MVIS. This strategic action aims to support the company's continued Nasdaq listing while allowing management to focus on executing its commercial growth strategy.

The Board of Directors approved the reverse split following authorization by shareholders at the Annual Meeting of Shareholders held on July 10, 2026. As a result of the split, every 15 shares of issued and outstanding common stock will automatically combine into one share. The total number of authorized shares will be reduced from 510 million to 150 million. Fractional shares will not be issued; instead, shareholders entitled to fractional shares will receive their holding rounded up to the nearest whole share.

The reverse split will affect all shareholders uniformly and will not alter any shareholder's proportional ownership interest, except for adjustments resulting from the treatment of fractional shares. The number of shares underlying the company's outstanding equity awards, warrants, and other equity-based securities will be proportionately adjusted, as will the applicable exercise or conversion prices.

Key Details of the Reverse Split

Equiniti is serving as the exchange agent for the transaction. Shareholders holding shares electronically or in book-entry form are not required to take any action. Those holding certificated shares will receive instructions from Equiniti regarding the exchange of their stock certificates. Additional information is available in the definitive proxy statement filed with the Securities and Exchange Commission on June 11, 2026.

MicroVision, Inc. has appointed James Byun as Chief Commercial Officer, a newly created executive leadership position designed to accelerate the company's global commercial strategy and growth initiatives across its short-, medium-, and long-range lidar portfolio. The appointment, announced on July 15, 2026, comes as MicroVision seeks to expand its presence in industrial automation, autonomous systems, security and defense applications, and automotive markets.

In his new role, Byun will lead MicroVision's worldwide commercial organization, encompassing business development, strategic partnerships, sales, customer engagement, and market expansion efforts. He joins the company with more than 20 years of experience building and scaling high-performing commercial organizations across the automotive, technology, and mobility sectors.

Executive Background

Byun previously served as Managing Director of Global Business Development at Aeva, where he played a key role in expanding the company's commercial operations and advancing strategic customer engagements. Prior to Aeva, he was Chief Commercial Officer at Innovusion, subsequently rebranded as Seyond, where he built the global commercial organization and expanded engagement with automotive OEMs worldwide.

Before his tenure at Innovusion, Byun spent seven years at Gracenote as Executive Vice President and President of the Global Automotive Group. He also held senior leadership positions at SiriusXM, where he helped negotiate and manage long-term strategic relationships with global automotive manufacturers. He began his career in investment banking at Lehman Brothers and holds a Bachelor of Arts in Economics from Brown University.

Strategic Implications

Glen DeVos, Chief Executive Officer of MicroVision, stated that Byun is a proven commercial leader with an exceptional track record of building organizations and creating strategic partnerships. DeVos emphasized that Byun's leadership, customer relationships, and global experience are expected to help accelerate the company's growth strategy as it transforms into a diversified perception company.

The creation of the Chief Commercial Officer role reflects MicroVision's continued focus on commercial execution. Byun joins the company as it builds momentum through recent customer engagements, strategic partnerships, and the expansion of its perception technology portfolio.