Vivani Medical, Inc. (VANI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 46.84% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
81M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

VANI currently has 81.3M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 46.84% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 81.3M shares outstanding

81M 0
Mar 26, 2026

10-K filing | 84.6M shares outstanding

85M 0
Jan 27, 2026

8-K filing: Vivani Medical, Inc. entered into a share purchase agreement for a private placement of 1,351,351 shares of common stock with an entity affiliated with Gregg Williams and a placement agency agreement with ThinkEquity LLC for a registered direct offering of 1,689,200 shares of common stock. ($4.5M proceeds)

73M 0
Nov 13, 2025

10-Q filing | 73.0M shares outstanding

73M 0
Aug 13, 2025

10-Q filing | 59.2M shares outstanding

59M 0
Aug 13, 2025

8-K filing: Vivani Medical, Inc. entered into a Share Purchase Agreement for the purchase of 7,936,507 shares of common stock at $1.26 per share, resulting in expected gross proceeds of approximately $10.0 million. ($10.0M proceeds)

59M 0
May 13, 2025

8-K filing: Vivani Medical, Inc. entered into a Share Purchase Agreement with Gregg Williams for the purchase of 2,912,621 shares of common stock at $1.03 per share, resulting in gross proceeds of approximately $3.0 million. ($3.0M proceeds)

59M 0
May 13, 2025

10-Q filing | 59.2M shares outstanding

59M 0
Mar 31, 2025

10-K filing | 59.2M shares outstanding

59M 0
Mar 27, 2025

8-K filing: Vivani Medical, Inc. entered into a Share Purchase Agreement to sell 7,366,071 shares of common stock at $1.12 per share to an entity beneficially owned by Gregg Williams, resulting in gross proceeds of approximately $8.25 million. ($8.25M proceeds)

55M 0
Nov 13, 2024

10-Q filing | 55.2M shares outstanding

55M 0
Aug 13, 2024

10-Q filing | 55.0M shares outstanding

55M 0
May 13, 2024

10-Q filing | 52.2M shares outstanding

52M 1.2M
May 02, 2024

S-3/A filing: This is an S-3/A filing to register additional securities, indicating the registrant is a non-accelerated filer and a smaller reporting company.

51M 2.4M
Apr 22, 2024

S-3 filing: The company is filing an S-3 to offer and sell up to $300,000,000 in aggregate principal amount of common stock, preferred stock, debt securities, warrants or units from time to time.

51M 2.4M
Mar 26, 2024

10-K filing | 0.1M shares outstanding

51K 9.2M
Nov 13, 2023

10-Q filing | 51.0M shares outstanding

51M 0
Aug 14, 2023

10-Q filing | 50.8M shares outstanding

51M 0
May 15, 2023

10-Q filing | 50.8M shares outstanding

51M 0
Mar 31, 2023

10-K filing | 50.7M shares outstanding

51M 0
Nov 14, 2022

10-Q filing | 50.7M shares outstanding

51M 0
Aug 12, 2022

10-Q filing | 39.4M shares outstanding

39M 0
Aug 09, 2022
Stock Split

8-K filing: Stock split 1-for-3 | Outstanding: 39,409,176 → 13,136,391

13M 0
May 16, 2022

10-Q filing | 39.4M shares outstanding

39M 0
Mar 29, 2022

10-K filing | 39.4M shares outstanding

39M 0
Feb 08, 2022

8-K filing: Second Sight Medical Products, Inc. entered into a merger agreement with Nano Precision Medical, Inc. where Second Sight will issue approximately 134,349,464 shares of its common stock to Nano Precision Medical, Inc.'s security holders, representing approximately 77.32% of the total issued and outstanding shares of common stock of the Company on a fully converted basis.

39M 0
Nov 12, 2021

10-Q filing | 39.4M shares outstanding

39M 0
Aug 13, 2021

10-Q filing | 39.4M shares outstanding

39M 0
Jun 28, 2021

8-K filing: Second Sight Medical Products announced the closing of an offering where it sold 11,500,000 shares of its common stock at a price of $5.00 per share for aggregate gross proceeds of $57.5 million. ($57.5M proceeds)

28M 0
Jun 23, 2021

8-K filing: Second Sight Medical Products, Inc. announced the pricing of its underwritten public offering of 10,000,000 shares of its common stock at a public offering price of $5.00 per share, expecting to close on June 25, 2021. ($50.0M proceeds)

28M 0
Jun 08, 2021

S-3 filing: The filing is for a shelf offering of common stock, preferred stock, debt securities, warrants, and units up to an aggregate amount of $250,000,000.

28M 0
May 13, 2021

10-Q filing | 27.9M shares outstanding

28M 0
Apr 16, 2021

S-3 filing: This S-3 filing registers 4,650,000 shares of common stock for resale by selling shareholders, with a proposed maximum aggregate offering price of $38,060,250 based on a price of $8.185 per share.

23M 4.7M
Mar 16, 2021

10-K filing | 23.3M shares outstanding

23M 0
Jan 06, 2021

8-K filing: Second Sight Medical Products, Inc. entered into a Memorandum of Understanding with Pixium Vision, where Pixium will contribute certain assets in exchange for 34,876,043 newly issued common stock of Second Sight, representing approximately 60% of the share capital and voting rights of Second Sight, subject to the completion of a Fund Raising by Second Sight.

23M 0
Nov 12, 2020

10-Q filing | 23.1M shares outstanding

23M 0
Aug 13, 2020

10-Q filing | 23.1M shares outstanding

23M 0
Jun 26, 2020

10-Q filing | 23.1M shares outstanding

23M 0
Mar 19, 2020

10-K filing | 15.7M shares outstanding

16M 0
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