Shares of MicroVision (NASDAQ: MVIS) are soaring in Thursday's trading. The machine-vision specialist's stock was up 14.1% at 10:30 a.m. ET, according to data from S&P Global Market Intelligence.

MicroVision announced on Wednesday evening that it was canceling its plans for a new stock offering. With the threat of significant stock dilution now removed, investors are pouring back into the stock. 

On June 13, MicroVision announced plans to offer at least $75 million in new stock with the potential to sell an additional $11.25 million stock within 30 days of the first offering. Following the announcement, the company's share price plummeted. Rather than risk continued valuation declines, it seems the machine-vision specialist will pursue other fundraising avenues. 

Continue reading

Source Fool.com