US EditionMovano Health's Board of Directors Initiates Process to Maximize Shareholder Value
- On May 16, 2025, in Pleasanton, California, Movano Health's Board of Directors announced it has launched a review process to consider various strategic options, including potential sale or merger opportunities, aimed at increasing value for shareholders.
- This decision follows resource constraints that have caused the company to delay filing its Q1 2025 Form 10-Q quarterly report on time.
- The strategic alternatives under consideration include a potential sale, merger, or similar transactions, with Aquilo Partners and K&L Gates LLP engaged respectively as financial advisor and legal counsel.
- The company noted that pursuing these strategic options may not lead to any definitive deal or change, and the timing of any potential agreement remains undetermined.
- Movano Health will not provide further updates unless the Board approves a specific action, and the exploration reflects efforts to address financial challenges while pursuing long-term value.
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Helena Independent Record+17 Reposted by 17 other sources
Movano Health's Board of Directors Initiates Process to Maximize Shareholder Value
PLEASANTON, Calif., May 16, 2025 /PRNewswire/ -- Movano Health (Nasdaq: MOVE), a pioneer in health technology, announced today that its Board of Directors has initiated a process to explore strategic alternatives, including a sale, merger or similar transaction involving the…
·Helena, United States
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