US EditionMovano Health's Board of Directors Initiates Process to Maximize Shareholder Value
- On May 16, 2025, Movano Health's Board of Directors in Pleasanton, California began evaluating various strategic options.
- This process aims to maximize shareholder value by considering options such as a sale, merger, or similar transaction.
- Movano Health appointed Aquilo Partners to provide financial advisory services and enlisted K&L Gates LLP to handle legal matters as it continues advancing its development of medical-grade wearable health technology.
- The company indicated that there is no guarantee the ongoing review will lead to any deal or notable strategic adjustment, and it revealed that it will be unable to file its quarterly report for the period ending March 31, 2025, on time due to limited resources.
- Movano Health does not plan to provide further updates unless its Board approves a specific action, reflecting uncertainty about timing and outcomes from this exploration.
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Helena Independent Record+25 Reposted by 25 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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