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Movano Health's Board of Directors Initiates Process to Maximize Shareholder Value
Prnewswireยท 2025-05-16 20:30
Core Viewpoint - Movano Health has initiated a process to explore strategic alternatives, including a potential sale or merger, to maximize shareholder value [1]. Company Overview - Movano Health, founded in 2018, is focused on developing healthcare solutions that provide medical-grade data through wearable technology [3]. - The company's devices are designed to deliver trusted health data and insights, capturing a comprehensive picture of individual health [3][4]. Strategic Actions - The Board of Directors has engaged Aquilo Partners as a financial advisor and K&L Gates LLP as legal counsel to assist in exploring strategic alternatives [1]. - There is no assurance that this process will lead to a transaction or strategic change, and the company does not plan to disclose further developments until a specific course of action is approved [2]. Financial Reporting - Movano Health has indicated that due to resource constraints, it will not timely file its quarterly report on Form 10-Q for the quarter ended March 31, 2025 [2].