SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Movano Inc. (MOVE)
Core Viewpoint - The law firm Brodsky & Smith is investigating potential claims against the Board of Directors of Movano, Inc. for possible breaches of fiduciary duty related to the sale of the Company to Corvex, Inc. [1] Group 1: Investigation Details - The investigation focuses on whether the Movano Board failed to conduct a fair process in the sale, particularly regarding the fairness of the deal consideration for shareholders [1] - Upon closing, pre-Merger Corvex stockholders would own approximately 96.2% of the combined company, while pre-Merger Movano stockholders would own approximately 3.8% [1]