MOVE - Movano announces common stock offering no amount given
2023-06-12 16:37:47 ET
- Movano Health ( NASDAQ: MOVE ) has announced that it is proposing to sell shares of its common stock in an underwritten public offering.
- All of the shares of common stock in the underwritten public offering are to be sold by the Company.
- The Co. intends to grant the underwriter a 30-day option to purchase up to an additional 15% of shares of common stock sold in the offering at the public offering price.
- The Co. intends to use the net proceeds from the offering for general corporate purposes, which may include funding product development and commercialization activities.
- MOVE -9.57% after hours to $1.04.
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Movano announces common stock offering, no amount given