Vivani Medical Announces $1.48/Share Common Stock Offering, $2.5M Raised.

Vivani Medical has priced a registered direct offering of 1,689,200 shares of common stock at $1.48 per share and a concurrent private placement of 1,351,351 shares at the same price. The gross proceeds are expected to be approximately $2.5 million. The offering was priced "at-the-market" under Nasdaq rules and is expected to be used to fund ongoing clinical trials and operating expenses.