Vivani Medical prices $15.7M equity offering; Chairman participates in $6.0M private placement

Vivani Medical, Inc.

Registered direct offering of 6M shares and private placement of 3.7M shares priced at $1.62/share for total gross proceeds of ~$15.7M.
Private placement purchased by Board Chairman Gregg Williams, generating ~$6.0M; no warrants or fees incurred.
ThinkEquity acts as sole placement agent; Company to pay 7% fee plus up to $125k reimbursable expenses.
Closing expected October 28, 2025; proceeds to fund clinical development and working capital; officers subject to 60-day lock-up.

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