Movano (MOVE) Registration Filing summary

Company overview and business model

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

• Provides managed GPU clusters, confidential computing, and is developing a Token Factory to optimize AI inference costs.

• Targets industries with high security and compliance needs, including technology, healthcare, financial services, and government.

• Employs a direct sales model supported by strategic partnerships, focusing on annual or multi-year customer commitments.

Financial performance and metrics

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

• Incurred $22 million in Series Seed Preferred Stock financing and $37.1 million in SAFE financing through September 2025.

• Major customers are highly concentrated, with four accounting for 95% of revenue in the period.

• Cash and cash equivalents as of September 30, 2025, were $2.7 million.

Use of proceeds and capital allocation

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

• Anticipates increased expenses and capital requirements for scaling infrastructure, expanding sales, and meeting public company obligations.