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Vuzix Corporation Has Ceased Funding For Its Development Activities With Atomistic SAS Under A License Agreement. Atomistic Exercised Its Right To Terminate The Granted License On July 1, 2024, Following Vuzix's Decision; Vuzix Retains Rights To License Royalties From Atomistic, An Equity Interest, And A Board Appointment. Vuzix Must Incur An Impairment Charge Of $32.2M Due To The Termination

Author: Benzinga Newsdesk | July 03, 2024 01:05pm

- SEC Filing

Posted In: VUZI