Movano is trading at $8.16 (-8.16%) after its successor company, Corvex, disclosed an at-the-market program, raising dilution concerns.
- The program allows up to $250 million in common-stock sales.
- The sales agreement and prospectus supplement were reported on October 14.
- Broader market weakness may add pressure, but it is not established as the primary driver. Volume information was unavailable.