Movano (MOVE) said late Friday its board has started a process to explore strategic alternatives, including a sale, merger or similar transaction, to maximize shareholder value.
The company said it has engaged Aquilo Partners as its financial advisor and K&L Gates as its legal counsel.
There can be no assurance that this process will result in any transaction, it added.
Movano also said it does not plan to timely file its report on Form 10-Q for the March quarter due to resource limitations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.