Vuzix receives $10 million first tranche investment from quanta computer

Quanta investment part of a total $20 million strategic investment agreement to support the expansion of vuzix' leading-edge waveguide production capabilities and joint development of new ar/ai smart glasses technologies rochester, n.y. , sept. 16, 2024 /prnewswire/ -- vuzix® corporation (nasdaq: vuzi), ("vuzix" or, the "company"), a leading supplier of smart glasses and augmented reality (ar) technology and products, is pleased to announce that it has completed the closing of the first investment tranche, for the sale of $10 million in common stock at $1.30 per share, under its previously announced september 3, 2024 purchase agreement with quanta computer inc. "feedback thus far from both our investors and potential industry partners and customers since our prior september 3 rd announcement has been very positive," said paul travers, president and ceo of vuzix.
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