Nano Precision Medical Co-Founder and CEO Discusses Proposed Second Sight Merger in Interview to Air on Bloomberg U.S. on the RedChip Money Report®
14 April 2022 - 10:00PM
Business Wire
Second Sight Medical Products, Inc. (NASDAQ: EYES) (“Second
Sight”), a recognized global leader in neuromodulation devices for
blindness, today announced that an interview with Adam Mendelsohn,
Ph.D., Co-Founder and CEO of Nano Precision Medical, Inc. (“NPM”),
will air on The RedChip Money Report® on Bloomberg US on April 16
at 7 p.m. Eastern Time (ET). Bloomberg US is available in an
estimated 73 million homes across the United States.
As previously announced, Second Sight and NPM have entered into
a definitive agreement under which privately held NPM will merge
with a wholly owned subsidiary of Second Sight in an all-stock
transaction. NPM will be the surviving company and owned by Second
Sight. The resulting company will focus on development of
innovative drug and device medical implants that treat chronic
diseases with high unmet medical need.
To view the interview segment, please visit:
https://youtu.be/QaxKGcSt610
The RedChip Money Report® is produced by RedChip Companies Inc.,
an international Investor Relations and media firm with 30 years’
experience focused on Discovering Tomorrow’s Blue Chips Today™.
“The RedChip Money Report®" delivers insightful commentary on small
cap investing, interviews with Wall Street analysts, financial book
reviews, as well as featured interviews with executives of public
companies.
About Second Sight Medical Products, Inc.
Second Sight Medical Products, Inc. (Nasdaq: EYES) develops
implantable visual prosthetics that are intended to deliver useful
artificial vision to blind individuals. A recognized global leader
in neuromodulation devices for blindness, the Company is committed
to developing new technologies to treat the broadest population of
sight-impaired individuals. The Company’s headquarters are in Los
Angeles, California.
About Nano Precision Medical Products, Inc.
Nano Precision Medical. Inc is a privately held
biopharmaceutical company developing drug implants by leveraging
the company’s proprietary NanoPortal drug implant technology. These
drug implants, designed to deliver minimally fluctuating drug
profiles, will address drug non-adherence which is one of the top
reasons for sub-optimal clinical benefit associated with oral and
injectable products that treat chronic disease. The company’s lead
product, NPM-119, is a GLP-1 receptor agonist under development to
treat patients with Type 2 diabetes. The Company’s headquarters are
in Emeryville, California. More information is available at
www.nanoprecisionmedical.com.
Safe Harbor
This press release contains certain “forward-looking statements”
within the meaning of the “safe harbor” provisions of the US
Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as: “target,” “believe,”
“expect,” “will,” “may,” “anticipate,” “estimate,” “would,”
“positioned,” “future,” and other similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters. Examples of forward-looking statements include,
among others, statements made in this press release regarding the
proposed merger, including the benefits of the proposed business
combination, integration plans, expected synergies and
opportunities, the expected management and governance of the
combined company, and the expected timing of the proposed
transactions contemplated by the definitive merger agreement.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
Second Sight’s and NPM’s current beliefs, expectations, and
assumptions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Actual results and outcomes may
differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these
forward-looking statements. Important factors that could cause
actual results and outcomes to differ materially from those
indicated in the forward-looking statements include, among others,
the following: (1) the occurrence of any event, change or other
circumstances that could give rise to the termination of the Merger
Agreement or could otherwise cause the merger transaction to fail
to close; (2) the outcome of any legal proceedings that may be
instituted against Second Sight or NPM following announcement of
the Merger, (3) the inability to complete the Merger, including due
to failure to obtain approval of the shareholders of Second Sight
or NPM, or inability to satisfy any of the other conditions to
closing in the merger agreement, (4) the receipt of an unsolicited
offer from another party for an alternative business transaction
that could interfere with the business combination; (5) the
inability to obtain the listing of the shares of common stock of
the post-merger company on the Nasdaq Stock Market following the
merger; (6) the risk that the announcement and consummation of the
business combination disrupts current plans and operations; (7) the
ability to recognize the anticipated benefits of the merger
combination, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably and retain its key employees; (8) costs related
to the merger transactions, (9) changes in applicable laws or
regulations; (10) the possibility that Second Sight and/or NPM may
be adversely affected by other economic, business, regulatory,
and/or competitive factors; (11) the impact of COVID-19 on Second
Sight’s and/or NPM’s business; and (12) our ability to obtain
adequate financing to fund our business operations in the future;
and (13) other risks and uncertainties indicated from time to time
in the proxy statement to be filed relating to the business
combination, including those under “Risk Factors” therein and in
Second Sight’s other filings with the SEC. Some of these risks and
uncertainties may in the future be amplified by the COVID-19
outbreak and there may be additional risks that Second Sight
considers immaterial or which are unknown. A further list and
description of risks and uncertainties can be found in Second
Sight’s Annual Report on Form 10-K, filed on March 29, 2022. Any
forward-looking statement made by us in this press release is based
only on information currently available to Second Sight and speaks
only as of the date on which it is made. Second Sight undertakes no
obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220414005466/en/
Company Contact: Scott Dunbar Acting CEO
investors@secondsight.com
Investor Relations Contact: Dave Gentry RedChip Companies
Inc. 1-800-RED-CHIP (733-2447) Or 407-491-4498 Dave@redchip.com
Second Sight Medical Pro... (NASDAQ:EYES)
Historical Stock Chart
From Dec 2024 to Jan 2025
Second Sight Medical Pro... (NASDAQ:EYES)
Historical Stock Chart
From Jan 2024 to Jan 2025