Vivani Medical Raises $4.5M in Registered Direct Offering and Private Placement

Vivani Medical has priced a common stock offering at $1.48 per share, raising approximately $4.5 million. The proceeds will fund research and clinical development of the company's product candidates, including obesity and diabetes treatments. The offering consists of a registered direct offering and a concurrent private placement of 1.69 million and 1.35 million shares, respectively.