On February 4, 2022, Vivani Medical, Inc., formerly known as Second Sight Medical Products, Inc., entered into an Agreement and Plan of Merger with Nano Precision Medical, Inc., a California corporation, and upon the execution of a joinder, NPM Acquisition Corp., a California corporation and a wholly-owned subsidiary of the Company, pursuant to which Merger Sub was to be merged with and into NPM, with NPM surviving as a wholly-owned subsidiary of the Company. Pursuant to the Merger Agreement, immediately prior to and effective upon the Merger, Scott Dunbar, Company's Acting Chief Executive Officer resigned as officers of the Company. Their resignation letters did not contain any statements describing disagreements with the Company related to its operations, policies, or practices, nor did any disagreements lead to their resignations.

Messrs. Dunbar did not terminate their contractual relationship with the Company other than the aforementioned resignations as officers of the Company. As of the Effective Time, the Board appointed Adam Mendelsohn, as Chief Executive Officer of the Company.