Movano (MOVE) Registration Filing summary

Company overview and business model

• AI cloud computing platform specializing in GPU-accelerated infrastructure for AI workloads, offering secure, scalable, and cost-efficient computational resources for model training and inference.

• Platform features include AI Factories, GPU Clusters, confidential computing, and a Token Factory for efficient AI inference.

• Serves technology, healthcare, financial services, and government sectors with a focus on security, reliability, and compliance.

• Direct sales model supported by strategic partnerships, including with NVIDIA and Tier III data centers.

Financial performance and metrics

• For the nine months ended September 30, 2025, generated $4.8 million in revenue, with a net loss of $3.8 million.

• Operating expenses include significant investments in technology, infrastructure, and personnel; depreciation for the same period was $2.5 million.

• Cash and cash equivalents as of September 30, 2025, were $2.7 million; raised $37.2 million via SAFEs in late 2025.

• Revenue is concentrated, with four customers accounting for 95% of revenue for the nine months ended September 30, 2025.

Use of proceeds and capital allocation

• No proceeds from the resale of shares by selling stockholders; proceeds from prior financings used for infrastructure expansion, R&D, and operational growth.

• Capital allocation focused on scaling GPU capacity, expanding data center footprint, and developing proprietary software.