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
- SEC Filing