Vivani Medical Raises $15.7 Million in Stock Offering and Private Placement

Reuters10-28
Vivani Medical Raises $15.7 Million in Stock Offering and Private Placement

Vivani Medical Inc. has announced the pricing of a registered direct offering and a concurrent private placement, raising approximately $15.7 million in gross proceeds. The company will issue 6,000,000 shares of its common stock in the registered direct offering at $1.62 per share, and 3,703,703 shares in a private placement at the same price, purchased by Gregg Williams, the Chairman of Vivani's board. The net proceeds are intended to fund ongoing research and clinical development of the company's product candidates, as well as for working capital and general corporate purposes. ThinkEquity is acting as the sole placement agent for the registered direct offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vivani Medical Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001753926-25-001655), on October 28, 2025, and is solely responsible for the information contained therein.
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