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Health-Focused Technology Developer MOVANO Files for $41 Million US IPO

Esther Thin

Movano Inc, a health-focused technology developer, has filed Form S-1 Registration Statement on February 2, 2021 with the U.S. Securities and Exchange Commission to raise up to $41 million IPO. Pricing terms are yet to announce.

The company is developing a platform that will enable the creation of low-cost and scalable sensors that are small enough to fit into a wearable, and other small form factors. Their platform also measures and continuously monitor vital health data and provide actionable feedback to jumpstart changes in behaviors.

The Pleasanton, California-based company was founded in 2018 and plans to list on the Nasdaq Capital Market under the symbol “MOVE.” National Securities is the underwriter of the IPO.

The company engages K&L Gates LLP as US Securities Counsel, and Moss Adams, LLP as Independent Auditor.

#ipo #nasdaq #movano #health #technologies




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