By Connor Hart
Movano Health's board of directors has initiated a process to explore strategic alternatives, including a merger or sale of the wearable medical device solutions company. Movano also said that it doesn't plan to file its quarterly report for the period ended March 31 in a timely manner, citing resource constraints. Movano has engaged Aquilo Partners as its financial adviser and K&L Gates LLP as its legal counsel. The review isn't an assurance of strategic changes or transactions, it said. Shares jump 58%, to $1.61, in after-hours trading.
Titan Machinery completed its acquisition of Farmers Implement & Irrigation's dealership assets. Terms of the deal weren't disclosed. Titan, which runs a network of agriculture- and construction-equipment stores, said the purchase would expand its dealership network with agricultural-machinery manufacturer New Holland by adding two new store locations in South Dakota. Shares edge 2.7% lower, to $20.95, in postmarket trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 16, 2025 18:45 ET (22:45 GMT)
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