News Column

VUZIX CORP FILES (8-K) Disclosing Other Events

February 27, 2014

Item 8.01 Other Events



Since February 20, 2014, holders of Vuzix Corporation's (the "Company") warrants issued in its public offering which closed on August 5, 2013 have exercised for cash warrants for the purchase of 161,000 shares of common stock. Since December 30, 2013, the Company's warrant holders have exercised an aggregate of 694,300 warrants, including 672,600 warrants exercised for cash, and the Company has received proceeds of $1,513,350 from warrant exercises (all but $133,425 of which the Company has received in 2014), including previously disclosed warrant exercises. As of February 26, 2014, there are 10,210,745 shares of the Company's common stock issued and outstanding. The Company's cash on hand is now sufficient to fund its working capital needs to implement its current 2014 operating plan.


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Source: Edgar Glimpses


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