Movano is trading at $7.43, down 16.42%, after announcing an at-the-market offering program of up to $250 million, raising the prospect of additional share issuance and dilution.
- Announced October 14, the program allows Movano to sell common shares over time.
- Nasdaq futures were down 1.11% amid an inflation-driven global selloff, which may add pressure. No pre-market volume figures were available.