Overview
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- TickerCOCH on Nasdaq1
- IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies1
- HeadquartersWhite Bear Lake, Minnesota1
- Business address4875 White Bear Parkway, White Bear Lake, Mn 551102
- Filer category, Emerging growth company2
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FI-AMEI and we continue to work towards having the Esteem FI-AMEI properly classified as a Fully Implanted Active Middle Ear Implant.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue7¢$874.0K
- Research and development93¢$12.5M
Out of $241.0K in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net revenues | $241.0K | $225.0K |
| Cost of goods sold | $874.0K | $742.0K |
| Research and development | $12.5M | $10.2M |
| Sales and marketing | $1.2M | $1.7M |
| General and administrative | $7.9M | $6.8M |
| Total costs and operating expenses | $22.5M | $19.5M |
| Operating loss | -$22.3M | -$19.3M |
| Change in fair value of forward purchase agreement put option liability | $103.0K | |
| Change in fair value of forward purchase agreement warrant liability | $534.0K | $411.0K |
| Change in fair value of forward purchase agreement warrant liability due to extension | -$24.0K | -$881.0K |
| Loss on offering and change in fair value of private warrant liability | -$494.0K | |
| Change in fair value of publicly traded warrant liability | $111.0K | -$330.0K |
| Interest expense, related party | -$1.6M | -$816.0K |
| Other expense, net | -$23.0K | -$26.0K |
| Total other income (expense), net | -$1.5M | -$1.5M |
| Net loss | -$23.8M | -$20.8M |
| Induced conversion of Series A Preferred Stock into Class A Common Stock | -$1.2M | |
| Deemed dividend on waiver of restriction on Class A Common Stock | -$495.0K | |
| Cumulative preferred dividends | -$4.9M | -$5.5M |
| Net loss attributable to common stockholders, basic | -$28.7M | -$28.0M |
| Net loss attributable to common stockholders, diluted | -$28.7M | -$28.0M |
| Net loss per share attributable to common stockholders, basic (in Dollars per share) | -$1.23 | -$1.49 |
| Net loss per share attributable to common stockholders, diluted (in Dollars per share) | -$1.23 | -$1.49 |
| Weighted-average Class A Common Stock outstanding, basic (in Shares) | 23.3M shares | 18.8M shares |
| Weighted-average Class A Common Stock outstanding, diluted (in Shares) | 23.3M shares | 18.8M shares |
| Foreign currency translation adjustment | $3.0K | -$5.0K |
| Other comprehensive income (loss) | $3.0K | -$5.0K |
| Comprehensive loss | -$23.8M | -$20.8M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $3.7M | $5.5M | $4.2M |
| Accounts receivable, net | $34.0K | $38.0K | |
| Other receivable | $19.0K | $780.0K | |
| Inventories | $1.5M | $1.7M | |
| Prepaid expenses and other current assets | $941.0K | $887.0K | |
| Total current assets | $6.3M | $8.9M | |
| Property and equipment, net | $1.0M | $1.3M | |
| Prepaid expenses and other assets | $358.0K | $488.0K | |
| Total assets | $8.6M | $11.5M | |
| Accounts payable | $2.9M | $1.7M | |
| Accrued expenses | $7.6M | $3.7M | |
| Other current liabilities | $518.0K | $573.0K | |
| Forward purchase agreement warrant liability | $24.0K | $472.0K | |
| Product warranty liability, current portion | $287.0K | $282.0K | |
| Total current liabilities | $11.6M | $7.5M | |
| Product warranty liability, net of current portion | $1.6M | $1.8M | |
| Private warrant liability | $5.8M | ||
| Publicly traded warrant liability | $551.0K | $662.0K | |
| Other liability | $27.0K | $891.0K | |
| Total liabilities | $20.3M | $30.4M | |
| Warrants issued to placement agent (see Note 10) | $391.0K | ||
| Class A Common Stock, $0.0001 par value; 400,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 28,934,960 shares issued and outstanding as of December 31, 2025 and 21,326,609 shares issued and outstanding as of December 31, 2024 | $3.0K | $2.0K | |
| Additional paid-in capital | $301.4M | $266.0M | |
| Accumulated deficit | -$313.4M | -$284.7M | |
| Accumulated other comprehensive loss | -$120.0K | -$123.0K | |
| Total stockholders deficit | -$12.2M | -$18.8M | -$1.8M |
| Total liabilities, mezzanine equity, and stockholders deficit | $8.6M | $11.5M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $3.7M | $5.5M | $4.2M |
| Accounts receivable, net | $34.0K | $38.0K | |
| Other receivable | $19.0K | $780.0K | |
| Inventories | $1.5M | $1.7M | |
| Prepaid expenses and other current assets | $941.0K | $887.0K | |
| Total current assets | $6.3M | $8.9M | |
| Property and equipment, net | $1.0M | $1.3M | |
| Prepaid expenses and other assets | $358.0K | $488.0K | |
| Total assets | $8.6M | $11.5M | |
| Accounts payable | $2.9M | $1.7M | |
| Accrued expenses | $7.6M | $3.7M | |
| Other current liabilities | $518.0K | $573.0K | |
| Forward purchase agreement warrant liability | $24.0K | $472.0K | |
| Product warranty liability, current portion | $287.0K | $282.0K | |
| Total current liabilities | $11.6M | $7.5M | |
| Product warranty liability, net of current portion | $1.6M | $1.8M | |
| Private warrant liability | $5.8M | ||
| Publicly traded warrant liability | $551.0K | $662.0K | |
| Other liability | $27.0K | $891.0K | |
| Total liabilities | $20.3M | $30.4M | |
| Warrants issued to placement agent (see Note 10) | $391.0K | ||
| Class A Common Stock, $0.0001 par value; 400,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 28,934,960 shares issued and outstanding as of December 31, 2025 and 21,326,609 shares issued and outstanding as of December 31, 2024 | $3.0K | $2.0K | |
| Additional paid-in capital | $301.4M | $266.0M | |
| Accumulated deficit | -$313.4M | -$284.7M | |
| Accumulated other comprehensive loss | -$120.0K | -$123.0K | |
| Total stockholders deficit | -$12.2M | -$18.8M | -$1.8M |
| Total liabilities, mezzanine equity, and stockholders deficit | $8.6M | $11.5M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$23.8M | -$20.8M |
| Depreciation | $302.0K | $173.0K |
| Interest expense and amortization of debt discount on Term Loans (related party) | $1.6M | $816.0K |
| Stock-based compensation for services | $88.0K | |
| Amortization of prepaid insurance | $964.0K | $1.0M |
| Stock-based compensation | $657.0K | $562.0K |
| Change in fair value of private warrant liability | $494.0K | |
| Change in fair value of publicly traded warrant liability | -$111.0K | $330.0K |
| Change in fair value of forward purchase agreement warrant liability | -$534.0K | -$411.0K |
| Change in fair value of forward purchase agreement put option liability | -$103.0K | |
| Change in fair value of forward purchase agreement warrant liability due to extension | $24.0K | $881.0K |
| Net change in operating lease right-of-use assets and liability (related party) | $206.0K | $113.0K |
| Change in inventory reserve | $36.0K | $76.0K |
| Accounts receivable, net | $4.0K | $32.0K |
| Other receivable | $761.0K | -$604.0K |
| Inventories | $126.0K | -$380.0K |
| Prepaid expenses and other current assets | -$8.0K | $9.0K |
| Accounts payable | $1.4M | -$19.0K |
| Operating lease liability (related party) | -$239.0K | -$145.0K |
| Accrued expenses | $839.0K | -$241.0K |
| Product warranty liability | -$161.0K | -$181.0K |
| Other liability | -$868.0K | $891.0K |
| Net cash used in operating activities | -$18.2M | -$17.9M |
| Purchases of property and equipment | -$179.0K | -$980.0K |
| Net cash used in investing activities | -$179.0K | -$980.0K |
| Payments on insurance financing loans | -$827.0K | -$916.0K |
| Proceeds from the issuance of Term Loans (related party) | $10.0M | $20.0M |
| Dividends paid to stockholders of Series A Preferred Stock | -$1.8M | -$2.4M |
| Payment made for extinguishment of Term Loans (related party) | -$100.0K | |
| Proceeds from the issuance of Class A Common Stock from ATM offering | $414.0K | |
| Proceeds from issuance of Class A Common Stock under employee stock purchase plan | $184.0K | $63.0K |
| Proceeds from exercise of forward purchase agreement warrants | $3.1M | $1.8M |
| Proceeds from the issuance of Class A Common Stock and Investor Warrants from registered direct offering | $6.5M | |
| Offering costs from the issuance of Class A Common Stock and Investor Warrants from registered direct offering | -$768.0K | |
| Deferred offering costs | -$62.0K | |
| Proceeds from the issuance of Class A Common Stock associated with forward purchase agreement, net of transaction costs | $1.7M | |
| Net cash provided by financing activities | $16.6M | $20.2M |
| Effect of exchange rate changes on cash | $3.0K | -$5.0K |
| Net (decrease) increase in cash | -$1.7M | $1.3M |
| Cash paid for interest | $36.0K | $41.0K |
| Accrued and unpaid dividends on Series A Preferred Stock | $3.1M | $3.1M |
| Financing of prepaid insurance | $772.0K | $843.0K |
| Issuance of Term Loan Warrants (related party) | $1.6M | $1.4M |
| Accrued interest capitalized into term loans payable (related party) | $800.0K | |
| Modification of forward purchase agreement warrant | $62.0K | $94.0K |
| Lease liabilities arising from obtaining right-of-use assets | $121.0K | $528.0K |
| Extinguishment of excess warrant liability upon exercise of forward purchase agreement warrant | $96.0K | |
| Waiver of accrued dividends associated with Sponsor Support Agreement | $3.7M | |
| Deemed dividend on waiver of restriction on Class A Common Stock | $495.0K | |
| Induced conversion of Series A Preferred Stock to Class A Common Stock | $1.2M | |
| Property and equipment purchased on account | $117.0K | |
| Modification of Term Loan Warrants (related party) | $1.5M | |
| Deemed capital contribution associated with the extinguishment of Term Loans (related party) | $27.9M | |
| Issuance of Placement Agent Warrants | $391.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Envoy Medical, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Envoy Medical, Inc.
- Alta Partners LLC Filed SCHEDULE 13G/A on Envoy Medical, Inc., latest Sep 14, 2026 (2 filings since Aug 21, 2025)
- Nantahala Capital Management, LLC Filed SCHEDULE 13G on Envoy Medical, Inc., latest May 15, 2026
- Bleichroeder LP Filed SCHEDULE 13G on Envoy Medical, Inc., latest May 14, 2026
- Ayrton Capital LLC Filed SCHEDULE 13G/A on Envoy Medical, Inc., latest May 11, 2026 (2 filings since Feb 11, 2026)
- Glen A. Taylor Filed SCHEDULE 13D/A on Envoy Medical, Inc., latest Feb 17, 2026 (2 filings since Dec 8, 2025)
- ARISTEIA CAPITAL, L.L.C. Filed SCHEDULE 13G/A on Envoy Medical, Inc., latest May 15, 2025 (5 filings since Feb 14, 2022)
- Walleye Capital LLC Filed SCHEDULE 13G/A on Envoy Medical, Inc., latest Feb 6, 2025 (2 filings since Nov 13, 2024)
- Anzu SPAC GP I LLC Filed SCHEDULE 13D on Envoy Medical, Inc., latest Dec 26, 2024
- GLAZER CAPITAL, LLC Filed SC 13G/A on Envoy Medical, Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- Envoy Medical, Inc. White Bear Lake, Minnesota
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Envoy Medical, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $6.1M4 Dec 31, 2025 | $6.1M4 Dec 31, 2024 | +0.6% |
| Accumulated depreciation | $5.1M4 Dec 31, 2025 | $4.8M4 Dec 31, 2024 | +5.8% |
| Property and equipment, net | $1.0M4 Dec 31, 2025 | $1.3M4 Dec 31, 2024 | −18.8% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Area of land | 11,540 sq ft6 Dec 31, 2024 |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $1.5M4 Dec 31, 2025 | $1.7M4 Dec 31, 2024 | −9.5% |
| Raw materials | $1.3M4 Dec 31, 2025 | $1.4M4 Dec 31, 2024 | −8.9% |
| Work in process | $88.0K4 Dec 31, 2025 | $203.0K4 Dec 31, 2024 | −56.7% |
| Finished goods | $196.0K4 Dec 31, 2025 | $119.0K4 Dec 31, 2024 | +64.7% |
Properties, in its own words
Our principal office is located at 4875 White Bear Parkway, White Bear Lake, Minnesota, where we lease approximately 13,500 square feet of office space. We lease this space under a lease that terminates on December 31, 2030. We believe that our existing facility is sufficient to meet our needs for the foreseeable future.
We also lease 1,100 square feet of office space in Ausbach, Germany pursuant to a lease that automatically renews each year for a successive one year period, unless we notify the landlord 6 months prior to the annual renewal. This lease renewed automatically on January 1, 2025 and again on January 1, 2026.
Item 2 of the 10-K filed Mar 23, 2026.3
Leadership
Who has led Envoy Medical, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerBrent T. Lucas Sep 29, 2023 to now11
- Chief executive officerWhitney Haring-Smith Mar 1, 2021 to Mar 1, 202112
- Chief financial officerRobert Potashnick Jul 3, 2025 to now13
- Chief financial officerDavid R. Wells Sep 29, 2023 to Oct 17, 202314
- Chief financial officerDaniel J. Hirsch Oct 4, 2022 to Oct 3, 202315
Board members and other officers (17)
- CAO & VP of FinanceRobert Potashnick Aug 26, 2026 to now16
- OfficerWhitney Haring-Smith Oct 4, 2022 to Oct 4, 202217
- GC and Corporate SecretaryPeter Ganz Mar 1, 2021 to Mar 1, 202118
- Board memberChas McKhann Apr 17, 2026 to now19
- Board memberMichael Curtis Crowe Jun 17, 2024 to now20
- Board memberBrent T. Lucas Sep 29, 2023 to now11
- Board memberCharles Brynelsen Sep 29, 2023 to now21
- Board memberGlen A. Taylor Sep 29, 2023 to now22
- Board memberJanis Smith-Gomez Sep 29, 2023 to now23
- Board memberMona Chetan Patel Sep 29, 2023 to now24
- Board memberDaniel J. Hirsch Oct 4, 2022 to Oct 3, 202315
- Board memberDiane L. Dewbrey Oct 4, 2022 to Oct 3, 202325
- Board memberPriya Cherian Huskins Mar 1, 2021 to Oct 3, 202326
- Board memberSusan Kantor Mar 1, 2021 to now27
- Board memberTeresa A. Harris Mar 1, 2021 to Mar 1, 202128
- Board memberWhitney Haring-Smith Mar 1, 2021 to Oct 3, 202312
- Board memberWilliam A. Wulfsohn Mar 1, 2021 to Mar 1, 202129
Former names
- Anzu Special Acquisition Corp IJan 19, 2021 to Sep 29, 20232
Timeline
- Oct 7, 20268-K Other events30
- Aug 27, 20268-K Executive or director change31
- Aug 10, 20268-K Results of operations32
- Jun 30, 20268-K Ended a material agreement33
- Jun 25, 20268-K Executive or director change34
- May 22, 20268-K Listing notice or transfer35
- May 18, 20268-K Executive or director change; Shareholder vote36
- May 11, 20268-K Results of operations37
- Apr 21, 20268-K Executive or director change38
- Mar 31, 20268-K Change of auditor39
- Mar 27, 20268-K Results of operations40
- Feb 27, 20268-K Listing notice or transfer; Other events41
- Sep 29, 2023New chief executive Brent T. Lucas becomes CEO11
- Mar 1, 2021New chief executive Whitney Haring-Smith becomes CEO12
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.35) a share, on Nov 10, 2025.42
When it reported results
- Aug 10, 2026Reported quarterly or annual results32
- May 11, 2026Reported quarterly or annual results37
- Mar 27, 2026Reported quarterly or annual results40
- Nov 10, 2025Reported quarterly or annual results43
- Jul 31, 2025Reported quarterly or annual results44
- May 1, 2025Reported quarterly or annual results45
- Mar 31, 2025Reported quarterly or annual results46
- Nov 14, 2024Reported quarterly or annual results47
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
304 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 78 major events, 71 insider forms, 18 large holders, 114 other. The latest 20:
- Oct 7, 20268-K CURRENT REPORT EDGAR
- Sep 14, 2026SCHEDULE 13G/A EDGAR
- Sep 2, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Aug 31, 2026DEF 14A PROXY STATEMENT EDGAR
- Aug 27, 20268-K CURRENT REPORT EDGAR
- Aug 26, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 19, 2026PRE 14A PROXY STATEMENT EDGAR
- Aug 10, 20268-K CURRENT REPORT EDGAR
- Aug 10, 202610-Q QUARTERLY REPORT EDGAR
- Jun 30, 20268-K CURRENT REPORT EDGAR
- Jun 25, 20268-K CURRENT REPORT EDGAR
- Jun 23, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 16, 2026EFFECT EDGAR
- Jun 12, 2026POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1 EDGAR
- Jun 12, 2026S-8 REGISTRATION STATEMENT EDGAR
- Jun 4, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- May 22, 20268-K CURRENT REPORT EDGAR
- May 18, 20268-K CURRENT REPORT EDGAR
- May 15, 2026SCHEDULE 13G EDGAR
- May 14, 2026SCHEDULE 13G EDGAR
The 304 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
15 open-market trades by officers, directors and large owners since October 2021: 15 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 12, 2026 | TAYLOR GLEN A10% owner | Buy | 18,750,000 | $0.40 | $7.5M | Form 4 |
| Feb 12, 2026 | Patel Mona ChetanDirector | Buy | 312,500 | $0.40 | $125.0K | Form 4 |
| Feb 12, 2026 | Potashnick RobertCAO & VP of Finance | Buy | 212,500 | $0.40 | $85.0K | Form 4 |
| Feb 12, 2026 | Kantor SusanDirector | Buy | 96,150 | $0.40 | $38.5K | Form 4 |
| Feb 12, 2026 | BRYNELSEN CHARLESDirector | Buy | 1,000,000 | $0.40 | $400.0K | Form 4 |
| Feb 12, 2026 | Lucas Brent T.Chief Executive Officer | Buy | 62,500 | $0.40 | $25.0K | Form 4 |
| Jun 11, 2025 | Patel Mona ChetanDirector | Buy | 2,500 | $1.47 | $3.7K | Form 4 |
| Jun 6, 2025 | Patel Mona ChetanDirector | Buy | 10,000 | $1.46 | $14.6K | Form 4 |
| May 27, 2025 | BRYNELSEN CHARLESDirector | Buy | 35,000 | $1.65 | $57.8K | Form 4 |
| May 23, 2025 | BRYNELSEN CHARLESDirector | Buy | 13,000 | $1.64 | $21.3K | Form 4 |
| May 22, 2025 | BRYNELSEN CHARLESDirector | Buy | 2,000 | $1.68 | $3.4K | Form 4 |
| Nov 20, 2024 | Patel Mona ChetanDirector | Buy | 2,500 | $2.28 | $5.7K | Form 4 |
| Sep 11, 2024 | Patel Mona ChetanDirector | Buy | 4,000 | $3.33 | $13.3K | Form 4 |
| Sep 9, 2024 | Patel Mona ChetanDirector | Buy | 1,000 | $3.20 | $3.2K | Form 4 |
| Nov 21, 2023 | Lucas Brent T.Chief Executive Officer | Buy | 12,380 | $0.97 | $12.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alta Partners LLCSCHEDULE 13G/A, 2 filings Aug 21, 2025 to Sep 14, 202648
- Nantahala Capital Management, LLCSCHEDULE 13G, 1 filing May 15, 202649
- Bleichroeder LPSCHEDULE 13G, 1 filing May 14, 202650
- Ayrton Capital LLCSCHEDULE 13G/A, 2 filings Feb 11, 2026 to May 11, 202651
- Glen A. TaylorSCHEDULE 13D/A, 2 filings Dec 8, 2025 to Feb 17, 202652
- ARISTEIA CAPITAL, L.L.C.SCHEDULE 13G/A, 5 filings Feb 14, 2022 to May 15, 202553
- Walleye Capital LLCSCHEDULE 13G/A, 2 filings Nov 13, 2024 to Feb 6, 202554
- Anzu SPAC GP I LLCSCHEDULE 13D, 1 filing Dec 26, 202455
- GLAZER CAPITAL, LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202356
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 32. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Nantahala Capital Management, LLC | 15,300,000 | $11.9M | 0.4% | +7,650,000 |
| Bleichroeder LP | 6,250,000 | $5.0M | 0.9% | No change |
| Vanguard Capital Management LLC | 880,214 | $697.1K | 0.0% | −1,458 |
| DSG Capital Advisors, LLC | 625,000 | $474.2K | 0.1% | No change |
| Geode Capital Management, LLC | 541,729 | $429.1K | 0.0% | +19,905 |
| Focus Partners Wealth | 425,310 | $336.8K | 0.0% | +212,655 |
| Vanguard Fiduciary Trust Co | 296,679 | $235.0K | 0.0% | +1,958 |
| UBS Group AG | 190,838 | $151.1K | 0.0% | +120,379 |
| Arcus Capital Partners, LLC | 187,573 | $148.6K | 0.1% | No change |
| ExodusPoint Capital Management, LP | 182,354 | $144.4K | 0.0% | New |
| Northern Trust Corp | 109,466 | $86.7K | 0.0% | −1,584 |
| Morgan Stanley | 90,921 | $72.0K | 0.0% | +17,021 |
| CIBC Bancorp USA Inc. | 77,887 | $61.7K | 0.0% | No change |
| LPL Financial LLC | 48,401 | $38.3K | 0.0% | +20,000 |
| Jane Street Group, LLC | 31,223 | $24.7K | 0.0% | New |
| Meteora Capital, LLC | 28,051 | $22.2K | 0.0% | No change |
| State Street Corp | 23,872 | $18.9K | 0.0% | No change |
| XTX Topco Ltd | 17,146 | $13.6K | 0.0% | New |
| Afg Fiduciary Services Limited Partnership | 12,000 | $9.0K | 0.0% | No change |
| BlueStem Wealth Partners, LLC | 10,454 | $8.3K | 0.0% | No change |
| Spire Wealth Management | 10,025 | $7.9K | 0.0% | New |
| Ballew Advisors, Inc | 10,121 | $7.6K | 0.0% | No change |
| BlackRock, Inc. | 5,309 | $4.2K | 0.0% | −42,205 |
| Wolff Wiese Magana LLC | 4,000 | $3.2K | 0.0% | New |
| Vanguard Global Advisers, LLC | 3,788 | $3.0K | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Envoy Medical, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREnvoy Medical, Inc.1
- CIK0001840877
- Employer ID (EIN)86-13691233
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)3842 Orthopedic, Prosthetic & Surgical Appliances & Supplies1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address4875 White Bear Parkway, White Bear Lake, MN 551101
- Phone651-361-80001
- Shares outstanding77,194,595 as of Aug 10, 20269
- Public float$12.7M as of Dec 31, 20253
- AuditorGRANT THORNTON LLP, Fort Lauderdale, Florida PCAOB ID 248; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJan 19, 20211
- Filings326 in all: 8-K (80), 4 (57), 3 (20), 10-Q (17), 424B3 (17), CORRESP (14), DEFA14A (12), UPLOAD (11)1
All 41 form types
EFFECT (8), DEF 14A (7), S-1/A (7), 10-K (5), 425 (5), PRE 14A (5), S-4/A (5), 424B5 (4), S-1 (4), SC 13G (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 424B4 (3), ARS (3), POS AM (3), SC 13G/A (3), 10-Q/A (2), 8-K/A (2), DRS (2), NT 10-Q (2), S-1MEF (2), S-8 (2), SCHEDULE 13D (2), 10-K/A (1), 25-NSE (1), 4/A (1), 8-A12B (1), CERT (1), DRSLTR (1), NT 10-K (1), S-3 (1), S-4 (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 23, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Aug 31, 2026
Latest 8-K (8-K) Oct 7, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Common Stock, par value $0.0001 per share | COCH | The Nasdaq Stock Market LLC |
| Redeemable Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share | COCHW | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 23, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks Envoy Medical, Inc. names in Item 1A of its 10-K filed Mar 23, 2026: 39 risks under these headings, as written.3
- Risks Relating to Our Class A Common Stock
- The market price of our Class A Common Stock has been and may continue to be extremely volatile, which could cause purchasers of our securities to incur substantial losses.
- Currently, our Class A Common Stock is listed on Nasdaq. However, limited liquidity in the market may limit the ability to sell shares of our Class A Common Stock at a favorable price.
- The exercise of our outstanding Warrants would result in substantial increase in the number of shares eligible for future resale in the public market and result in dilution to our stockholders.
- While we will pay dividends on shares of Series A Preferred Stock pursuant to the Certificate of Designation, we do not intend to pay dividends on shares of Class A Common Stock for the foreseeable future.
- If analysts do not publish research about our business or if they publish inaccurate or unfavorable research, our stock price and trading volume could decline.
- You may experience future dilution as a result of future equity offerings.
- We may be subject to securities litigation, which is expensive and could divert management attention.
- We are and may become involved in legal proceedings, and no assurance can be provided as to the outcome of these matters.
- Our failure to meet Nasdaq’s continued listing requirements could result in a delisting of our Class A Common Stock from Nasdaq.
- Risks Relating to Our Business and Operations
- We are an early-stage company with a history of losses. We have not been profitable historically and may not be able to achieve profitability in the future.
The other 29 risks
- We have generated limited revenue from product sales and may never be profitable.
- If the Acclaim CI contains design or manufacturing defects, our business and financial results could be harmed.
- We expect that we will need to raise substantial additional funding, which may not be available on acceptable terms, or at all. Failure to obtain funding on acceptable terms and on a timely basis may require us to curtail, delay or discontinue our product development efforts or other operations.
- Raising additional capital would cause dilution to our existing stockholders and may adversely affect the rights of existing stockholders.
- Failure of a key information technology system, process or site could have an adverse effect on our business.
- Unfavorable global economic conditions could adversely affect our business, financial condition or results of operations.
- We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses, or if we identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect investor confidence in us and the value of our common stock.
- Our financial statements contain an explanatory paragraph regarding substantial doubt about our ability to continue as a going concern, which could prevent us from obtaining new financing on reasonable terms or at all.
- Clinical failure can occur at any stage of clinical development. Our clinical experience to date does not necessarily predict future results and may not have revealed certain potential limitations of the technology or potential complications from the Acclaim CI and may require further clinical validation. Any product version we advance through clinical trials may not have favorable results in later clinical trials or receive regulatory approval.
- The successful commercialization of the Acclaim CI, if it receives FDA approval, will depend in part on the extent to which governmental authorities and health insurers establish coverage, adequate reimbursement levels and favorable pricing policies. Failure to obtain or maintain coverage and adequate reimbursement for our product candidates could limit our ability to market those products and decrease our ability to generate revenue.
- We operate in a very competitive business environment, and if we are unable to compete successfully against our existing or potential competitors, our business, financial condition and results of operations may be adversely affected.
- We expect to derive most of our revenues from sales of the Acclaim CI. Our inability to successfully commercialize this product candidate or any subsequent decline in demand for this product candidate, could severely harm our ability to generate revenues.
- If healthcare professionals do not recommend our product to their patients, the Acclaim CI may not achieve market acceptance and we may not become profitable.
- We will be dependent upon contract manufacturing organizations and material suppliers, making us vulnerable to supply shortages and problems, increased costs and quality or compliance issues, any of which could harm our business.
- Our business plan relies on certain assumptions about the market for our product; however, the size and expected growth of our addressable market has not been established with precision and may be smaller than we estimate, and even if the addressable market is as large as we have estimated, we may not be able to capture market share.
- We will depend on third parties to manage our pre-clinical studies and clinical trials, perform related data collection and analysis, and to enroll patients for our clinical trials, and, as a result, we may face costs and delays that are beyond our control.
- We have been and in the future may become a defendant in one or more stockholder derivative, class-action, and other litigation, and any such lawsuits may adversely affect our business, financial condition, results of operations and cash flows.
- We are highly dependent on key members of our executive management team. Our inability to retain these individuals could impede our business plan and growth strategies, which could have a negative impact on our business and the value of your investment.
- Certain of our directors and/or officers may have interests that are different from holders of our Class A Common Stock.
- Risks Relating to Our Intellectual Property
- If we are unable to obtain significant patent protection for our products, or if our patents and other intellectual property rights do not adequately protect our products, we may be unable to gain significant market share and be unable to operate our business profitably.
- Obtaining and maintaining patent protection depends on compliance with various procedural, document submission, fee payment and other requirements imposed by governmental patent agencies, and our patent protection could be reduced or eliminated for non-compliance with these requirements.
- We may become a party to lawsuits or administrative proceedings involving patents or other intellectual property. If we were to lose any future intellectual property lawsuits, a court could require us to pay significant damages and/or prevent us from selling our products.
- If our trademarks and trade names are not adequately protected, we may not be able to build name recognition in our markets of interest and our competitive position may be harmed.
- Patent terms may not be sufficient to effectively protect our products and business for an adequate period of time.
- We may be unable to enforce our intellectual property rights throughout the world.
- We may be subject to claims that we or our employees have misappropriated the intellectual property of a third party, including trade secrets or know-how, or are in breach of non-competition or non-solicitation agreements with our competitors and third parties may claim an ownership interest in intellectual property we regard as our own.
- Risks Relating to Our Organization and Structure
- Our Charter provides that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
- As an “emerging growth company,” we cannot be certain if the reduced disclosure requirements applicable to “emerging growth companies” will make the Class A Common Stock less attractive to investors.
- The requirements of being a public company may strain our resources and divert management’s attention.
Legal proceedings
From time to time, we may be involved in various claims and legal actions in the ordinary course of business. Except as described below, we are not currently involved in any material legal proceedings outside the ordinary course of our business.
On November 14, 2023, the Company, Whitney Haring-Smith (the former chief executive officer and a former director of the Company), Daniel Hirsch (the former chief financial officer of the Company), and Anzu SPAC GP I LLC were named as defendants in a complaint filed by Atlas Merchant Capital SPAC Fund I LP (“Atlas”) in the Delaware Court of Chancery. Atlas alleges that it was not allowed to redeem its shares of the Anzu class A common stock and that Defendants acted to prevent Atlas’s attempt to redeem its shares. Defendants assert that Atlas did not comply with the requirements for redeeming shares set forth in the Company’s organizational documents. Atlas asserts damages in the amount of approximately $9.4 million, pre- and post-judgment interest, costs, and reasonable attorneys’ fees. The Company has standard indemnification obligations to Dr. Haring-Smith and Mr. Hirsch. The Company believes that the lawsuit is meritless and has been defending this matter vigorously. The Company is unable to predict the outcome of this legal proceeding.
The opening of Item 3, Legal Proceedings.3
Sources
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- 17SEC EDGARWhitney Haring-Smith, Officer
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- 19SEC EDGARChas McKhann, Board member
- 20SEC EDGARMichael Curtis Crowe, Board member
- 21SEC EDGARCharles Brynelsen, Board member
- 22SEC EDGARGlen A. Taylor, Board member
- 23SEC EDGARJanis Smith-Gomez, Board member
- 24SEC EDGARMona Chetan Patel, Board member
- 25SEC EDGARDiane L. Dewbrey, Board member
- 26SEC EDGARPriya Cherian Huskins, Board member
- 27SEC EDGARSusan Kantor, Board member
- 28SEC EDGARTeresa A. Harris, Board member
- 29SEC EDGARWilliam A. Wulfsohn, Board member
- 30SEC EDGAROther events
- 31SEC EDGARExecutive or director change
- 32SEC EDGARResults of operations
- 33SEC EDGAREnded a material agreement
- 34SEC EDGARExecutive or director change
- 35SEC EDGARListing notice or transfer
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- 37SEC EDGARResults of operations
- 38SEC EDGARExecutive or director change
- 39SEC EDGARChange of auditor
- 40SEC EDGARResults of operations
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