ClearOne files draft information statement for Cortigent merger share issuance
CLRO•Financing and incentive plan
The transaction also contemplates a USD 10 million to USD 15 million unit financing, with each unit expected to include one share plus one warrant.
Shareholders also authorized a 2026 omnibus incentive plan with a 2,500,000-share reserve.
Advisor shares and lock-up terms
The deal terms include up to 855,000 advisor shares. Vivani's lock-up covers 50% for one year, with the remaining 50% locked up for two years.
Projected ownership after closing
After the close, ownership is projected to be 77.98% for Vivani, 16.69% for existing shareholders and 5.33% for advisors, with total shares of 16,030,412.
Share issuance authorized for Cortigent acquisition
ClearOne shareholders authorized the issuance of 12,500,000 common shares to Vivani in connection with a Cortigent acquisition, triggering a change of control.
