Movano health closes $24 million private placement

Financing included a strategic seed investment by a tier-1 multi-billion dollar medical device company and participation from insiders including members of movano health's management team and board of directors pleasanton, calif. , april 5, 2024 /prnewswire/ -- movano health (nasdaq: move), a pioneer in health technology, has closed on a $24.1 million private placement, totaling 45.3 million units, with each unit consisting of one share of the company's common stock (or pre-funded warrant in lieu thereof) and one warrant to purchase a share of common stock, to a select group of investors that includes a tier-one multi-billion dollar medical device company, institutional and accredited investors, and members of the company's management team and board of directors.
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