# Vivani Medical, Inc. (VANI) — merger/definitive [pending]
Source: sec.gov · situation sit_e31dc6a08415fb8c7589 · public 2571096564253385086 · retrieved 2026-08-20T13:20:12.722Z

## Overview
Vivani Medical, Inc. is a clinical-stage biopharmaceutical company developing miniature, ultra long-acting drug implants utilizing its proprietary NanoPortal technology for chronic disease management.

Vivani Medical's wholly owned subsidiary Cortigent, Inc., a developer of brain-computer interface devices using precision neurostimulation technology, entered into a definitive merger agreement with Nasdaq-listed ClearOne, Inc. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions. Upon completion, Cortigent will be established as a separately listed public company, reducing Vivani's direct expenditures and allowing Vivani to focus on advancing its portfolio of miniature, ultra long-acting drug implants.

## Terms
- Counterparty: ClearOne, Inc. · Stake: 100%

## Key dates
- Announced 2026-08-13 · Expected close 2026-09-30

## Timeline
- 2026-08-13 · 8-K (0001753926-26-001482): 8-K - Vivani Medical, Inc. — *Vivani Medical, Inc. is a clinical-stage biopharmaceutical company developing miniature, ultra long-acting drug implants utilizing its proprietary NanoPortal technology for chronic disease management.* Vivani Medical's wholly owned subsidiary Cortigent, Inc., a developer of brain-computer interface devices using precision neurostimulation technology, entered into a definitive merger agreement with Nasdaq-listed ClearOne, Inc. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions. Upon completion, Cortigent will be established as a separately listed public company, reducing Vivani's direct expenditures and allowing Vivani to focus on advancing its portfolio of miniature, ultra long-acting drug implants.
  https://www.sec.gov/Archives/edgar/data/1266806/0001753926-26-001482.txt

## Citations
- 0001753926-26-001482 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000175392626001482