Second Sight Medical Products: Down after pricing offering at discount

Vivani Medical

24/03/2021 12:32

** Shares of Second Sight Medical Products Inc  EYES.O 
plunge 23.3% to $8.5 pre-market
    ** Co to offer 4.7 mln shares at price of $6/shr in private
placement, a discount of 45.5% to its closing price on Tuesday
    ** Co says offering to result in gross proceeds of $27.9 mln
    ** Net proceeds from private placement are expected to
provide working capital for co - EYES
    ** Offer size represents ~35% of co's free float - Refinitiv
data
    ** Up to last close, stock had risen nearly six-fold YTD

 (Reporting by Dania Nadeem in Bengaluru)
 ((Dania.Nadeem@thomsonreuters.com;))