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NASDAQ: VANI Vivani Medical, Inc. 10-Q

Vivani shifts lead program to semaglutide, raises $9.9M, extends runway to mid-2027

Filed May 13, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 13, 2025 · ~2 min read

Key Changes

  • high

    Lead program changed from NPM-115 (exenatide implant) to NPM-139 (semaglutide implant) for weight management, with new preclinical data showing 20% weight loss maintained for one year in rats.

    MD&A: Lead Program verify on EDGAR →
  • high

    Raised $9.9M in Q1 2026 through two concurrent equity offerings and tranche closings under 2025 agreements, extending cash runway from 'at least twelve months' to mid-2027.

    MD&A: Capital Raises verify on EDGAR →
  • high

    New Oppenheimer lawsuit seeks $1.625M in damages over failed Pixium business combination; breach-of-contract claim survived motion to dismiss, now in discovery with appeals filed by both parties.

    Legal Proceedings verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Source-verified from EDGAR · Narrative written by AI · Jun 5, 2026 · How we verify