VANI on Nasdaq
Vivani Medical, Inc.
American electromedical and electrotherapeutic apparatus company. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerVANI on Nasdaq2
- IndustryElectromedical & Electrotherapeutic Apparatus2
- HeadquartersEmeryville, United States2
- Incorporated inDE3
- Business address1350 S. Loop Road, Alameda, Ca 945023
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formFor-Profit Corporation General Stock2
- LEI5299004VTNX49EZIFL052
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address5858 HORTON STREET, 94608 Emeryville, United States2
- Registered withSecretary of State, 25367442
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Vivani Medical, Inc. (“Vivani,” the “Company,” “we,” “us,” “our” or similar terms) is a clinical stage biopharmaceutical company which develops miniature, ultra long-acting subdermal drug implant candidates utilizing its proprietary NanoPortal™ technology, which is designed to enable reversible, ultra long-acting, near constant-rate delivery of a broad range of medicines to treat chronic diseases. Vivani uses this platform technology to develop, and potentially commercialize, drug implant candidates, alone or in collaboration with pharmaceutical company partners, to address leading causes of poor clinical outcomes in the treatment of chronic diseases, including medication non-adherence, drug tolerability and administration challenges faced by certain patients.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development, net of grants | $18.1M | $15.7M |
| General and administrative, net of grants | $9.4M | $8.9M |
| Total operating expenses | $27.6M | $24.7M |
| Loss from operations | -$27.6M | -$24.7M |
| Other income, net | $947.0K | $1.2M |
| Net loss | -$26.6M | -$23.5M |
| Net loss per common share - basic (in dollars per share) | -$0.43 | -$0.43 |
| Net loss per common share - diluted (in dollars per share) | -$0.43 | -$0.43 |
| Weighted average shares outstanding - basic (in shares) | 62.4M shares | 55.0M shares |
| Weighted average shares outstanding - diluted (in shares) | 62.4M shares | 55.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $16.2M | $18.4M | |
| R&D tax credit incentive receivable | $654.0K | $253.0K | |
| Prepaid expenses and other current assets | $1.0M | $1.8M | |
| Total current assets | $17.9M | $20.4M | |
| Property and equipment, net | $2.9M | $1.7M | |
| Operating lease right-of-use assets, net | $17.2M | $18.0M | |
| Restricted cash | $1.3M | $1.3M | |
| Deposits and other assets | $48.0K | $131.0K | |
| TOTAL ASSETS | $39.4M | $41.6M | |
| Accounts payable | $1.0M | $817.0K | |
| Accrued expenses | $1.7M | $1.8M | |
| Litigation accrual | $1.7M | $1.7M | |
| Accrued compensation expense | $365.0K | $343.0K | |
| Lease liability, current portion | $1.8M | $1.3M | |
| Total current liabilities | $6.6M | $6.0M | |
| Lease liability, noncurrent portion | $17.1M | $18.0M | |
| TOTAL LIABILITIES | $23.7M | $24.0M | |
| Common stock, par value $0.0001 per share; 300,000 shares authorized; shares issued and outstanding: 76,428 and 59,235 as of December 31, 2025 and 2024, respectively | $8.0K | $6.0K | |
| Additional paid-in capital | $164.2M | $139.5M | |
| Accumulated other comprehensive income | $30.0K | $48.0K | |
| Accumulated deficit | -$148.5M | -$121.9M | |
| TOTAL STOCKHOLDERS' EQUITY | $15.7M | $17.6M | $20.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $39.4M | $41.6M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0 | $0 | |
| Common stock, shares authorized | 300.0M shares | 300.0M shares | |
| Common stock, shares issued | 76.4M shares | 59.2M shares | |
| Common stock, shares outstanding | 76.4M shares | 59.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $16.2M | $18.4M | |
| R&D tax credit incentive receivable | $654.0K | $253.0K | |
| Prepaid expenses and other current assets | $1.0M | $1.8M | |
| Total current assets | $17.9M | $20.4M | |
| Property and equipment, net | $2.9M | $1.7M | |
| Operating lease right-of-use assets, net | $17.2M | $18.0M | |
| Restricted cash | $1.3M | $1.3M | |
| Deposits and other assets | $48.0K | $131.0K | |
| TOTAL ASSETS | $39.4M | $41.6M | |
| Accounts payable | $1.0M | $817.0K | |
| Accrued expenses | $1.7M | $1.8M | |
| Litigation accrual | $1.7M | $1.7M | |
| Accrued compensation expense | $365.0K | $343.0K | |
| Lease liability, current portion | $1.8M | $1.3M | |
| Total current liabilities | $6.6M | $6.0M | |
| Lease liability, noncurrent portion | $17.1M | $18.0M | |
| TOTAL LIABILITIES | $23.7M | $24.0M | |
| Common stock, par value $0.0001 per share; 300,000 shares authorized; shares issued and outstanding: 76,428 and 59,235 as of December 31, 2025 and 2024, respectively | $8.0K | $6.0K | |
| Additional paid-in capital | $164.2M | $139.5M | |
| Accumulated other comprehensive income | $30.0K | $48.0K | |
| Accumulated deficit | -$148.5M | -$121.9M | |
| TOTAL STOCKHOLDERS' EQUITY | $15.7M | $17.6M | $20.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $39.4M | $41.6M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0 | $0 | |
| Common stock, shares authorized | 300.0M shares | 300.0M shares | |
| Common stock, shares issued | 76.4M shares | 59.2M shares | |
| Common stock, shares outstanding | 76.4M shares | 59.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$26.6M | -$23.5M |
| Depreciation of property and equipment | $424.0K | $400.0K |
| Stock-based compensation | $1.5M | $1.6M |
| Reclassification of foreign currency translation adjustments | -$117.0K | |
| Equipment write-off and loss on equipment disposal | $60.0K | |
| Non-cash lease expense | $269.0K | $276.0K |
| R&D tax credit incentive receivable | -$401.0K | -$253.0K |
| Prepaid expenses and other assets | $908.0K | $491.0K |
| Accounts payable | -$222.0K | $248.0K |
| Accrued compensation expenses | $22.0K | -$53.0K |
| Accrued expenses | -$78.0K | -$79.0K |
| Net cash used in operating activities | -$24.3M | -$20.8M |
| Purchases of property and equipment | -$1.2M | -$556.0K |
| Net cash used in investing activities | -$1.2M | -$556.0K |
| Proceeds from issuance of common stock and warrants in connection with Securities Purchase Agreement, net of issuance costs | $13.7M | |
| Proceeds from issuance of common stock in connection with the Sales Agreement, net of issuance costs | -$28.0K | $160.0K |
| Proceeds from issuance of common stock in connection with director private securities purchase agreement, net of issuance costs | $5.0M | |
| Proceeds from issuance of common stock in connection with 2025 Private Sales Transaction, net of issuance costs | $8.5M | |
| Proceeds from issuance of common stock in connection with 2025 Registered Direct Offering, net of issuance costs | $8.7M | |
| Proceeds from issuance of common stock in connection with 2025 Private Placement, net of issuance costs | $6.0M | |
| Gross proceeds from insurance premium loan | $355.0K | $426.0K |
| Principal payment for insurance premium loan | -$344.0K | -$189.0K |
| Net cash provided by financing activities | $23.3M | $19.1M |
| Effect of exchange rate changes on cash and cash equivalents | $99.0K | -$14.0K |
| Net (decrease) in cash, cash equivalents and restricted cash | -$2.1M | -$2.3M |
| Income taxes paid | $2.0K | |
| Establishment of operating right-of-use assets through operating lease obligations | $839.0K | |
| Purchase of property and equipment in accrued expenses | $437.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Vivani Medical, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerAdam Mendelsohn Aug 31, 2022 to now13
- Chief executive officerScott Dunbar Apr 8, 2021 to Apr 8, 202114
- Chief executive officerJonathan Will McGuire Aug 24, 2015 to Feb 21, 202015
- Chief financial officerAnthony Baldor Jun 17, 2025 to now16
- Chief financial officerBrigid Makes Aug 31, 2022 to Jun 17, 202517
- Chief financial officerThomas B. Miller Nov 19, 2014 to Jan 23, 201818
- Chief operating officerTruc Le Aug 31, 2022 to Mar 8, 202319
- Chief operating officerWilliam Patrick Ryan Sep 10, 2018 to Feb 21, 202020
Board members and other officers (23)
- Chief Operations OfficerTruc Le May 14, 2024 to now21
- Chief Business OfficerDonald Dwyer Aug 31, 2022 to now22
- Chief Medical OfficerLisa Ellen Porter Aug 31, 2022 to now23
- ControllerEdward Jonathon Sedo Sep 14, 2020 to Sep 14, 202024
- VP-Clin & Scientific AffairsJessy Dana Dorn Oct 2, 2019 to Feb 14, 202025
- VP - Research DevelopmentDavid Murray Jacques Mar 8, 2017 to Jan 8, 201826
- Commercial V.P., North AmericaStephen D. Okland Apr 5, 2016 to Feb 21, 201927
- Vice President, AmericasJohn Anthony Moses Jun 2, 2015 to Jan 25, 201628
- VP Regulatory AffairsAnne-Marie Juliette Ripley Nov 19, 2014 to Dec 7, 201529
- VP of Business DevelopmentBrian Vernon Mech Nov 19, 2014 to Nov 19, 201430
- VP of ManufacturingEdward David Randolph Nov 19, 2014 to Sep 30, 202031
- VP of European OperationsGregoire Cosendai Nov 19, 2014 to Jan 8, 201832
- Board memberAugust J. Moretti Jun 26, 2026 to now33
- Board memberDaniel Bradbury Mar 11, 2024 to now34
- Board memberAdam Mendelsohn Aug 31, 2022 to now13
- Board memberAlexandra L.p. Larson Apr 22, 2021 to now35
- Board memberWilford Dean Baker Apr 27, 2021 to now36
- Board memberMatthew J. Pfeffer Jun 8, 2015 to Jun 5, 201937
- Board memberJonathan Will McGuire Dec 3, 2015 to May 19, 202038
- Board memberWilliam J. Link Phd. Nov 18, 2014 to Jun 5, 201939
- Board memberAaron Mendelsohn Nov 19, 2014 to now40
- Board memberAlfred E. Mann Nov 19, 2014 to Jun 2, 201541
- Board memberGregg Williams Nov 19, 2014 to now42
Former names
Timeline
Filings
297 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 70 major events, 156 insider forms, 7 large holders, 43 other. The latest 20:
- Sep 25, 2026424B5 EDGAR
- Sep 16, 20268-K EDGAR
- Aug 17, 20268-K EDGAR
- Aug 13, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 30, 20264 PRIMARY DOCUMENT EDGAR
- Jul 30, 20264 PRIMARY DOCUMENT EDGAR
- Jul 30, 20264 PRIMARY DOCUMENT EDGAR
- Jul 30, 20264 PRIMARY DOCUMENT EDGAR
- Jul 30, 20264 PRIMARY DOCUMENT EDGAR
- Jul 28, 20264 PRIMARY DOCUMENT EDGAR
- Jul 16, 20264 PRIMARY DOCUMENT EDGAR
- Jul 16, 20268-K EDGAR
- Jul 7, 20268-K EDGAR
- Jun 30, 20268-K EDGAR
- Jun 26, 20264 PRIMARY DOCUMENT EDGAR
- Jun 26, 20263 PRIMARY DOCUMENT EDGAR
- Jun 25, 20264 PRIMARY DOCUMENT EDGAR
- Jun 25, 20264 PRIMARY DOCUMENT EDGAR
The 297 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
133 open-market trades by officers, directors and large owners since October 2021: 133 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 15, 2026 | Williams GreggDirector | Buy | 793,650 | $1.26 | $1.0M | Form 4 |
| Jun 15, 2026 | Williams GreggDirector | Buy | 1,587,301 | $1.26 | $2.0M | Form 4 |
| May 15, 2026 | Williams GreggDirector | Buy | 1,587,301 | $1.26 | $2.0M | Form 4 |
| Apr 15, 2026 | Williams GreggDirector | Buy | 1,587,301 | $1.26 | $2.0M | Form 4 |
| Mar 15, 2026 | Williams GreggDirector | Buy | 1,575,231 | $1.07 | $1.7M | Form 4 |
| Feb 15, 2026 | Williams GreggDirector | Buy | 1,866,492 | $1.06 | $2.0M | Form 4 |
| Jan 27, 2026 | Williams GreggDirector | Buy | 1,351,351 | $1.48 | $2.0M | Form 4 |
| Jan 15, 2026 | Williams GreggDirector | Buy | 1,737,765 | $1.14 | $2.0M | Form 4 |
| Dec 29, 2025 | Mendelsohn AaronDirector | Buy | 20,000 | $1.23 | $24.6K | Form 4 |
| Dec 15, 2025 | Williams GreggDirector | Buy | 1,737,765 | $1.14 | $2.0M | Form 4 |
| Nov 15, 2025 | Williams GreggDirector | Buy | 1,737,764 | $1.14 | $2.0M | Form 4 |
| Oct 27, 2025 | Williams GreggDirector | Buy | 3,703,703 | $1.62 | $6.0M | Form 4 |
| Oct 15, 2025 | Williams GreggDirector | Buy | 1,737,764 | $1.14 | $2.0M | Form 4 |
| Sep 15, 2025 | Williams GreggDirector | Buy | 2,068,453 | $1.16 | $2.4M | Form 4 |
| May 16, 2025 | Williams GreggDirector | Buy | 2,405 | $1.01 | $2.4K | Form 4 |
| May 15, 2025 | Williams GreggDirector | Buy | 6,836 | $1.01 | $6.9K | Form 4 |
| May 14, 2025 | Williams GreggDirector | Buy | 3,499 | $1.01 | $3.5K | Form 4 |
| Apr 24, 2025 | Williams GreggDirector | Buy | 1,113 | $1.01 | $1.1K | Form 4 |
| Apr 22, 2025 | Williams GreggDirector | Buy | 243 | $1.01 | $245 | Form 4 |
| Apr 21, 2025 | Williams GreggDirector | Buy | 1,569 | $1.01 | $1.6K | Form 4 |
All 133 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Gregg WilliamsSCHEDULE 13D/A, 4 filings Jul 22, 2022 to May 19, 202643
- Joachim Eberhard BolckSC 13D, 1 filing Apr 25, 202344
- Adam MendelsohnSC 13D, 1 filing Sep 1, 202245
- Empery Asset Management, LPSC 13G/A, 1 filing Jan 13, 202246
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 39. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARTruc Le, Chief operating officer
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- 21SEC EDGARTruc Le, Chief Operations Officer
- 22SEC EDGARDonald Dwyer, Chief Business Officer
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- 24SEC EDGAREdward Jonathon Sedo, Controller
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- 33SEC EDGARAugust J. Moretti, Board member
- 34SEC EDGARDaniel Bradbury, Board member
- 35SEC EDGARAlexandra L.p. Larson, Board member
- 36SEC EDGARWilford Dean Baker, Board member
- 37SEC EDGARMatthew J. Pfeffer, Board member
- 38SEC EDGARJonathan Will McGuire, Board member
- 39SEC EDGARWilliam J. Link Phd., Board member
- 40SEC EDGARAaron Mendelsohn, Board member
- 41SEC EDGARAlfred E. Mann, Board member
- 42SEC EDGARGregg Williams, Board member
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