movano health shares were down 8 to 106 after the company said it has priced an 8 million underwritten public offering of eight million shares the stock hit its 52week low of 90 cents on may 16 and is down 54 in the past 12 months the public offering price for each share is 1 all of the securities in the underwritten public offering were sold by the company which has granted the underwriter a 30day option to buy up to an additional 15 of shares sold in the offering at the public offering price the offering is expected to close thursday the company intends to use the proceeds from the offering for general corporate purposes which may include funding product development and commercialization activities