MicroVision expects lease terminations to reduce balance sheet liability by $10.6 million
MVIS•MicroVision expects to terminate two Redmond, Washington, property leases, reducing balance sheet liabilities by approximately $10.6 million effective November 30, 2026. As of November 12, about $7.8 million in principal remained on its senior secured convertible notes due March 2028, down nearly 80% from the original $43 million.
1. Lease terminations
MicroVision expects to reduce obligations by approximately $12.8 million by terminating two property leases in Redmond, Washington. The terminations take effect November 30, 2026, and are expected to reduce balance sheet liabilities by approximately $10.6 million. Consideration includes a $561,973 cash payment and the landlord’s retention of approximately $915,775 in security deposits.
2. Convertible notes
MicroVision had approximately $7.8 million in principal outstanding on its senior secured convertible notes due March 2028 as of November 12, 2026. That amount represents a nearly 80% reduction from the original $43 million principal issued in February 2026.
