secwatch.observer — SEC 8-K summary
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Issuer:     Vivani Medical, Inc. (VANI)
CIK:        0001266806
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001753926-25-001655
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1266806/000175392625001655/0001753926-25-001655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1266806/000175392625001655/vani-20251026.htm
  HTML page:      https://secwatch.observer/filing/0001753926-25-001655

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer