Movano secures $1.5M bridge loan at 12% interest to fund strategic alternatives

Corvex, Inc.

$1.5M bridge loan with 12% annual interest, maturing November 4, 2025.
Proceeds to continue pursuit of strategic alternatives as disclosed in May 2025 8-K.
Lender receives security interest in all assets, including intellectual property.
Loan includes provision that could double outstanding principal upon certain trigger events.
Maturity may be extended up to 60 days if definitive documentation for a Qualifying Transaction is executed.

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