Movano Health Announces Reverse Stock Split

Rhea-AI Summary

Movano Health (NASDAQ: MOVE) will implement a 1-for-10 reverse stock split effective 12:01 a.m. Eastern on October 10, 2025. Shares are expected to trade on a split-adjusted basis when markets open on October 10, 2025, and the company will continue to trade under the symbol MOVE. The new CUSIP will be 62459M305. Outstanding shares will be reduced from approximately 8.3 million to approximately 0.8 million. The Reverse Stock Split is intended to increase the bid price to regain compliance with Nasdaq minimum bid price rules. Fractional shares will be paid in cash; equity awards will receive proportionate adjustments.

Positive

• 1-for-10 reverse split effective Oct 10, 2025
• Outstanding shares reduced from 8.3M to 0.8M
• Intended to increase bid price to regain Nasdaq compliance

Negative

• Company previously failed to meet Nasdaq minimum bid price requirement
• Fractional shares will be paid in cash rather than issued

Insights

Equity Analyst

Reverse 1-for-10 split to raise per‑share price and regain Nasdaq bid‑price compliance; reduces float from ~8.3M to ~0.8M.

Movano Health will implement a 1-for-10 reverse stock split effective October 10, 2025, consolidating every ten pre‑split shares into one post‑split share and reducing outstanding shares to about 0.8 million. The action does not change authorized shares or par value and includes cash payments for fractional shares and proportional adjustments to option/grant terms.

The stated purpose is to address the minimum bid price requirement for continued Nasdaq listing; that fact signals prior noncompliance pressure but shows the board acted to preserve listing. Key dependencies include market reaction to the adjusted share count and whether the split alone suffices to sustain a higher trading price.

Watch the market open on October 10, 2025 for immediate price and liquidity changes, the company's subsequent filings on compliance status, and any follow‑up measures if bid price falls again; near‑term horizon is days to weeks for listing confirmation and several months to verify sustained compliance.

Shares Expected to Begin Trading on Split-Adjusted Basis on October 10, 2025

PLEASANTON, Calif., Oct. 8, 2025 /PRNewswire/ -- Movano Health (Nasdaq: MOVE) announced today that it will implement a 1-for-10 reverse stock split of its common stock (the "Reverse Stock Split"), effective at 12:01 a.m. Eastern time on October 10, 2025. The Company's common stock is expected to begin trading on a split-adjusted basis when the market opens on Friday, October 10, 2025, and will continue to trade on The Nasdaq Capital Market under the symbol "MOVE." The new CUSIP number for the common stock will be 62459M 305.

The Reverse Stock Split is intended to increase the bid price of the common stock to enable the Company to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Company's stockholders authorized the reverse stock split at the Company's annual meeting of stockholders held on September 26, 2025, with the final ratio determined by the Company's Board of Directors.  

As a result of the Reverse Stock Split, every 10 shares of the Company's pre-split common stock issued and outstanding will be automatically reclassified into one new share of the Company's common stock. This will reduce the number of shares outstanding from approximately 8.3 million shares to approximately 0.8 million shares. The number of authorized shares of the Company's common stock will remain unchanged. Stockholders who would otherwise be entitled to receive a fractional share will instead receive cash in lieu of their fractional interests, after aggregating all the fractional interests of a holder resulting from the Reverse Stock Split. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's equity plans and grants thereunder, as applicable. The Reverse Stock Split will not affect the par value of the common stock.

The combination of, and reduction in, the shares of common stock as a result of the Reverse Stock Split will occur automatically at the effective time of the Reverse Stock Split without any additional action on the part of the Company's stockholders. The Company's transfer agent, Pacific Stock Transfer Company, is acting as the exchange agent for the Reverse Stock Split and will send stockholders of record holding their shares electronically in book-entry form a transaction notice indicating the number of shares of common stock held after the Reverse Stock Split. Stockholders who hold their shares through a broker, bank, or other nominee will have their positions adjusted to reflect the Reverse Stock Split, subject to their broker, bank, or other nominee's particular processes, and are not expected to be required to take any action in connection with the Reverse Stock Split.

Additional information regarding the Reverse Stock Split can be found in the Company's definitive proxy statement for the annual meeting of stockholders of the Company held on September 26, 2025, which was filed with the U.S. Securities and Exchange Commission on August 29, 2025, a copy of which is available at www.sec.gov and on the Company's website. 

About Movano Health 

Founded in 2018, Movano Inc. (Nasdaq: MOVE) dba Movano Health, maker of the Evie Ring (www.eviering.com), is developing a suite of purpose-driven healthcare solutions to bring medical-grade data to the forefront of wearables. Featuring modern and flexible form factors, Movano Health's devices offer an innovative approach to delivering trusted data to both customers and enterprises, capturing a comprehensive picture of an individual's health data and uniquely translating it into personalized and intelligent insights.

Movano Health's proprietary technologies and wearable medical device solutions will soon enable the use of data as a tool to proactively monitor and manage health outcomes across a number of patient populations that exist in healthcare. For more information on Movano Health, visit https://movanohealth.com/.

Forward Looking Statements

This press release contains forward-looking statements concerning our expectations, anticipations, intentions, beliefs, or strategies regarding the future. These forward-looking statements are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially from those anticipated. Therefore, you should not place undue reliance on forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding plans with respect to the timing and impact of the Reverse Stock Split; our strategic plans and value; our expectations regarding potential commercial opportunities; and our strategies, positioning and expectations for future events or performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission, including under the caption "Risk Factors."  Any forward-looking statement in this release speaks only as of the date of this release. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/movano-health-announces-reverse-stock-split-302578070.html

SOURCE Movano

FAQ

When will Movano Health (MOVE) shares trade on a split-adjusted basis?

Shares are expected to trade on a split-adjusted basis when markets open on October 10, 2025.

What is the reverse split ratio for Movano Health (MOVE)?

The company is implementing a 1-for-10 reverse stock split.

How many Movano Health (MOVE) shares will be outstanding after the reverse split?

Outstanding shares will be reduced to approximately 0.8 million from about 8.3 million.

Why is Movano Health (MOVE) doing a reverse stock split?

The Reverse Stock Split is intended to increase the bid price to help the company regain Nasdaq minimum bid price compliance.

Will the Movano Health (MOVE) ticker or CUSIP change after the split?

The ticker remains MOVE; the new CUSIP will be 62459M305.

What happens to fractional Movano Health (MOVE) shares after the reverse split?

Holders entitled to fractional shares will receive cash in lieu of fractional interests.

How will Movano Health (MOVE) stock options and equity awards be affected?

Exercise prices and share counts under equity plans will receive proportionate adjustments.