Movandi Corp has filed a notice of an exempt offering of securities to raise $51,160,331.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Movandi Corp is raising up to $51,160,331.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Movandi Corp
Movandi is a leader in 5G millimeter wave (mmWave) technology. We design and develop deep semiconductor technology powering 5G and beyond interconnecting our world and enabling AI applications across multiple industries. Movandi solves the difficult 5G technology, cost and operational issues with patented semiconductor, smart relays, intelligent software and system architectures. Movandi is disrupting 5G by using a radically different approach that is yielding tremendous benefits over existing networks. 5G enables a transformation in wireless connectivity that offers orders of magnitude improvements in performance, coverage and latency.
To learn more about Movandi Corp, visit https://movandi.com/
Movandi Corp Linkedin Page: https://www.linkedin.com/company/movandi/
Contact:
Maryam Rofougaran, Chief Executive Officer
949-300-4918
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