MOVE - Movano Health 8M share Spot Secondary priced at $1.00
2023-06-13 12:14:58 ET
- Movano Health ( NASDAQ: MOVE ) has priced an $8M underwritten public offering of 8M shares of its common stock.
- The public offering price for each share of common stock is $1.00.
- The Co. has granted 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, less the underwriting discount.
- The net proceeds will be used for general corporate purposes, which may include funding product development and commercialization activities.
- The offering is expected to close on June 15, 2023.
- MOVE is -7.83% to $1.06.
For further details see:
Movano Health 8M share Spot Secondary priced at $1.00