Mergers & Acquisitions ·
ClearOne, Inc. entered into a Merger Agreement with Cortigent, Inc. and Vivani Medical, Inc. to acquire Cortigent via…
CLROClearone Inc
ClearOne, Inc. entered into a Merger Agreement with Cortigent, Inc. and Vivani Medical, Inc. to acquire Cortigent via a merger-sub subsidiary. As consideration for Cortigent common stock, Vivani will receive 12,500,000 shares of ClearOne common stock. ClearOne plans to file a Form S-1 to raise between $10,000,000 and $15,000,000 through a unit-based financing-round. The post-closing board of directors will consist of five members, including Adam Mendelsohn (Chairman) and Jonathan Adams (President & CEO). ClearOne operates in the technology and audio-visual solutions industry.