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Mann Trust exits Second Sight investment

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Mann Trust exits Second Sight investment

The Alfred E. Mann Living Trust exited its investment in Second Sight Medical Products Inc., selling its remaining 6,644,991 shares to Gregg Williams and a group of individual private investors.

Williams, a Second Sight director and currently the company's largest shareholder, acquired 4 million of the shares the Mann Trust sold. He now owns 19,367,848 shares, representing 34% of the company.

The Mann Trust was established by Second Sight's late co-founder and chairman, Alfred Mann. Williams' father, Sam Williams, was also a co-founder of Alfred E. Mann Living Trust.