MicroVision expects ~$12.8M cut from lease exits

Available on EDGAR 11/12/2026 - 05:30 PM EST Accepted by SEC EDGAR 11/12/2026 - 05:30 PM EST

(Moderate)

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

MicroVision, Inc. (MVIS) agreed with Redmond East Office Park LLC to terminate two leases in Redmond, Washington, effective November 30, 2026. The leases covered approximately 17,000 and 36,000 square feet and had been scheduled to expire on November 30, 2032, and June 30, 2032, respectively. MicroVision expects the termination to reduce its obligations by approximately $12.8 million, including an approximately $10.6 million reduction in balance-sheet liability. Under the agreement, MicroVision will pay $561,973, and the landlord drew down and retained the full security deposit, approximately $915,775.

As of November 12, 2026, the aggregate principal balance outstanding on MicroVision’s senior secured convertible notes due March 2028 was approximately $7.8 million, a reduction of nearly 80% from the $43.0 million original principal at issuance in February 2026.

2 points · 2 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance works How Sentiment works

0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

Major point. Forward-looking: it has not happened yet and may not happen.Lease termination is expected to reduce obligations by approximately $12.8 million. 34% of market cap
Major pointSenior secured convertible-note principal was nearly 80% below its original amount at issuance.

Negative

None.

8-K Event Classification

3 items: 1.02, 8.01, 9.01

3 items

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Expected obligation reduction: Approximately $12.8 million Balance-sheet liability reduction: Approximately $10.6 million Cash payment to landlord: $561,973 +4 more

7 metrics

Expected obligation reduction Approximately $12.8 million Expected from termination of the Redmond Leases

Balance-sheet liability reduction Approximately $10.6 million Part of the expected obligation reduction from lease termination

Cash payment to landlord $561,973 Payment agreed under the Lease Termination Agreement

Security deposit retained Approximately $915,775 Landlord drew down and retained the full security deposit

Outstanding principal balance Approximately $7.8 million Senior secured convertible notes due March 2028, as of November 12, 2026

Original principal at issuance $43.0 million Senior secured convertible notes issued in February 2026

Reduction from original principal Nearly 80% Reduction in outstanding principal balance from the original principal at issuance

Key Terms

senior secured convertible notes, balance sheet liability

2 terms

senior secured convertible notes financial

"senior secured convertible notes due March 2028"

A senior secured convertible note is a loan a company issues that sits near the top of its repayment order (senior), is backed by specific assets as collateral (secured), and can be swapped into company shares later (convertible). For investors this matters because it combines lower risk of repayment and legal protection from the collateral with the upside of converting into equity—so it affects both the safety of debt holders and potential dilution for shareholders.

balance sheet liability financial

"reduction of balance sheet liability of approximately $10.6 million"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much does MicroVision expect to reduce obligations by ending its Redmond leases?

MicroVision expects the lease terminations to reduce company obligations by approximately $12.8 million, including an approximately $10.6 million reduction in balance-sheet liability. MicroVision agreed to pay the landlord $561,973, and the landlord drew down and retained the full security deposit of approximately $915,775.

What is the outstanding balance on MVIS’s senior secured convertible notes?

As of November 12, 2026, the aggregate principal balance outstanding on the notes due March 2028 was approximately $7.8 million. That was a reduction of nearly 80% from the $43.0 million original principal at issuance in February 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) November 6, 2026

MicroVision, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-34170

91-1600822

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

2603 Discovery Drive, Suite 100

Orlando, Florida 32826

(Address of principal executive offices) (Zip code)

(425) 936-6847

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

	☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

	☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common stock, par value $0.001 per share		MVIS		The NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02. Termination of a Material Definitive Agreement.

On November 6, 2026, MicroVision, Inc. (the “Company”) entered into a Termination Agreement (the “Lease Termination Agreement”) with Redmond East Office Park LLC (“Landlord”) pursuant to which the Company and Landlord agreed to terminate, effective November 30, 2026, two lease agreements for properties located in Redmond, Washington. One of the leases was used for product testing and offices, covered approximately 17,000 square feet of space, and had an initial term of 128 months commencing November 1, 2021. The second of the leases was used for offices and engineering labs, covered approximately 36,000 square feet of space, and had an initial term of 120 months commencing December 1, 2022. (Together, the two leases are referred to as the “Redmond Leases.”)

Prior to the Lease Termination Agreement, the Redmond Leases were set to expire on November 30, 2032 and June 30, 2032, respectively. Termination of the Redmond Leases is expected to reduce Company obligations by approximately $12.8 million, comprised of a reduction of balance sheet liability of approximately $10.6 million and a reduction of future cash consideration for the Lease Termination Agreement, (i) the Company agreed to pay Landlord a cash payment of $561,973 and (ii) Landlord drew down and retained the full amount of the Company’s security deposit in the approximate amount of $915,775.

The foregoing summary of the Lease Termination Agreement does not purport to be complete and is qualified in its entirety by the full text of the Lease Termination Agreement, a copy of which the Company intends to file with its Annual Report on Form 10-K for the year ending December 31, 2026.

Item 8.01. Other Events.

As of November 12, 2026, the aggregate principal balance outstanding on the Company’s senior secured convertible notes due March 2028 was approximately $7.8 million, which is a reduction of nearly 80% from the original principal on such notes of $43.0 million at issuance in February 2026.

Item 9.01. Financial Statements and Exhibits.

Pursuant to the rules and regulations of the SEC, the attached exhibit is deemed to have been furnished to, but not filed with, the SEC.

	Exhibit No.		Description
	104		Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MICROVISION, INC.

	By:	/s/ Drew G. Markham
		Drew G. Markham
		Senior Vice President, General Counsel and Secretary

Dated: November 12, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents