Vivani Medical, Inc. provided a timeline update for the previously announced merger involving its wholly owned subsidiary, Cortigent, Inc. The company anticipates that the pricing and closing of the transaction with ClearOne, Inc. will occur in October 2026.
Key Details
- Expected Timeline: Vivani now anticipates the pricing and closing of the transaction to be completed in October 2026.
- Transaction Structure: The merger involves Vivani's subsidiary, Cortigent, Inc., merging with a subsidiary of ClearOne, Inc. (CLRO Merger Sub, Inc.).
- Post-Merger Outcome: Upon completion, Cortigent will become a wholly owned subsidiary of ClearOne.