MVIS · MicroVision, Inc.

This 8-K/A amendment provides critical financial information related to MicroVision's acquisition of the Luminar LiDAR Business. The filing includes the audited combined financial statements of the acquired business, which reveal significant operating challenges. For the year ended December 31, 2025, the Luminar LiDAR Business reported revenue of $41.0 million, down from $53.5 million in the prior year, while generating substantial net losses of $280.7 million in 2025 and $396.0 million in 2024. The auditor's report highlights substantial doubt about the entity's ability to continue as a going concern, noting that Luminar Technologies, Inc. (the parent) filed for Chapter 11 bankruptcy protection on December 15, 2025. The financial statements include $78.4 million in liabilities subject to compromise and $3.5 million in reorganization items related to the bankruptcy proceedings. The unaudited pro forma condensed combined financial information shows what MicroVision's financial position and results would have looked like if the acquisition had occurred on January 1, 2025. The pro forma combined net loss for the year ended December 31, 2025, would have been $353.3 million, significantly larger than MicroVision's standalone net loss of $95.0 million. The pro forma balance sheet reflects the preliminary purchase price allocation, with $33.2 million allocated primarily to inventory ($3.8 million), property and equipment ($13.2 million), operating lease right-of-use assets ($4.2 million), and intangible assets ($12.5 million), resulting in $3.7 million of goodwill. The acquisition represents a strategic move by MicroVision to expand its LiDAR technology portfolio, but investors should note the acquired business's historical losses, bankruptcy-related uncertainties, and the dilutive impact on MicroVision's financial performance as reflected in the pro forma statements.