Second Sight Completes $3 million Private Placement of Common Stock with Gregg Williams, Chairman of the Board of Directors
Second Sight Medical Products, Inc. (EYES)
Last second sight medical products, inc. earnings: 3/19 04:05 pm
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US:NASDAQ Investor Relations:
investors.secondsight.com/investor-relations
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Source: GlobeNewswire
LOS ANGELES, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Second Sight Medical Products, Inc. (NASDAQ:EYES) (“Second Sight” or the “Company”), a developer, manufacturer and marketer of implantable visual prosthetics that are intended to create an artificial form of useful vision for blind individuals, today announced that it has entered into a stock purchase agreement effective December 12, 2018 with entities beneficially owned by Gregg Williams, Chairman of the Board of Directors of Second Sight, for the purchase of 3,275,100 shares of common stock priced at $0.916 per share, the last reported sale price of the common stock on the effective date. This placement of common stock is anticipated to yield gross proceeds of approximately $3 million to the Company. Consistent with Mr. Williams’ prior direct investments in Second Sight, the funds will be used to support several important initiatives related to the Orion® Visual Cortical Prosthesis System (Orion), development of Argus® 2s (Argus 2s)
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