Movano explores strategic alternatives, delays Q1 10-Q filing due to cash constraints

Corvex, Inc.

Board initiated process to explore strategic alternatives including sale or merger; engaged Aquilo Partners and K&L Gates.
Company will not timely file Q1 2025 10-Q due to resource constraints.
Estimated cash $4.3M, accounts payable $2.5M, total assets $7.8M as of March 31, 2025.
No assurance of any transaction; further disclosure only upon Board approval of a specific course.

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