Vivani Subsidiary Cortigent To Merge With ClearOne, Creating Nasdaq-Listed Cortigent Holdings
Vivani Medical’s subsidiary Cortigent will merge with ClearOne, with ClearOne renamed Cortigent Holdings and expected to trade on Nasdaq under ticker CRGT. ClearOne will raise $10M–$15M via concurrent financing. Vivani will receive 12.5M shares and is expected to own 59.4%–67.5% of the combined company; former ClearOne holders 12.7%–14.4%.
