04:57 PM EDT, 05/16/2025 (MT Newswires) -- 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.