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Vivani Medical (VANI) just unveiled an announcement.
Vivani Medical, Inc. recently finalized a deal to sell nearly 4 million shares and equal warrants to an institutional investor at $3.80 each, raising $15 million before fees and expenses. The warrants are immediately exercisable and expire in three years. The company committed to a 45-day period post-offering during which it won’t issue any more stock or stock equivalents, with additional stipulations regarding future securities issuance. Company insiders are also locked from selling their shares for 90 days. The offering, managed by Maxim Group LLC as the sole placement agent, is part of a previously approved SEC registration statement.
For detailed information about VANI stock, go to TipRanks’ Stock Analysis page.
