As filed with the Securities and Exchange Commission on December 19,
2025
Registration
No. 333-
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
S-8
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933
MOVANO
INC.
(Exact
name of registrant as specified in its charter)
| Delaware |
|
82-4233771 |
(State or other jurisdiction
of incorporation or organization) |
|
(I.R.S. Employer
Identification No.) |
| |
|
|
6800
Koll Center Parkway
Pleasanton,
CA |
|
94566 |
| (Address of principal executive
offices) |
|
(Zip Code) |
Movano
Inc. Amended and Restated 2019 Omnibus Incentive Plan
(Full
title of the plan)
J.
Cogan
Chief
Financial Officer
Movano
Inc.
6800
Koll Center Parkway
Pleasanton,
CA 94566
(Name
and address of agent for service)
(415)
651-3172
(Telephone
number, including area code, of agent for service)
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,
or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller
reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer
☐ |
|
Accelerated filer ☐ |
| Non-accelerated filer ☒ |
|
Smaller reporting company
☒ |
| |
|
Emerging growth company
☒ |
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY
NOTE
This
Registration Statement on Form S-8 is being filed by Movano Inc. (the “Registrant”) to register an additional 500,000 shares
of the Registrant’s common stock, par value $0.0001 per share (the “Common Stock”) under the Movano Inc. Amended and
Restated 2019 Omnibus Incentive Plan, as amended (the “2019 Plan”), as a result of the stockholders of the Registrant approving
an amendment to the 2019 Plan to increase the shares of common stock available for issuance under the 2019 Plan on December 16, 2025
at the Registrant’s 2025 Special Meeting of Stockholders. These additional shares of Common Stock are securities of the same class
as other securities for which the Registration Statements on Form S-8 (File Nos. 333-258938, 333-266876, and 333-281585) (the “Prior
Registration Statements”) were filed with the Securities and Exchange Commission (the “Commission”) on August 19, 2021,
August 15, 2022, and August 16, 2024, respectively. In accordance with Instruction E of Form S-8, the content of the Prior Registration
Statements is incorporated herein by reference and made a part of this Registration Statement on Form S-8.
PART
I
INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item
1. Plan Information.
The
information required by this Item 1 is omitted from the registration statement in accordance with Rule 428(b)(1) of the Securities Act
of 1933, as amended (the “Securities Act”) and the Note to Part I of Form S-8.
Item
2. Registrant Information and Employee Plan Annual Information.
The
information required by this Item 2 is omitted from this registration statement in accordance with Rule 428(b)(1) of the Securities Act
and the Note to Part I of Form S-8.
PART
II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item
3. Incorporation of Documents by Reference.
The
following documents have been filed by the Registrant with the Commission and are incorporated herein by reference:
| |
● |
Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Commission on April 9, 2025; |
| |
|
|
| |
● |
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025 filed with the Commission on September 24, 2025, September 24, 2025, and November 14, 2025, respectively; |
| |
● |
Current Reports on Form 8-K, and any amendments thereto, filed with the Commission on January
2, 2025, May 19,
2025, May 23,
2025, June 25,
2025, July 11,
2025, August 7,
2025, August 15,
2025, August 22,
2025, September
29, 2025, October
3, 2025, October
8, 2025, October
8, 2025, November
7, 2025, November
10, 2025, December 17, 2025, and December 19, 2025; and |
| |
● |
The description of the Registrant’s Common Stock contained in the Registrant’s Registration Statement on Form S-1, originally filed with the Commission on February 2, 2021, as amended (No. 333-252671), which description is incorporated by reference into the Registrant’s Registration Statement on Form 8-A, originally filed with the Commission pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) on March 19, 2021 (No. 001-40254), including any further amendment or report filed hereafter for the purpose of updating such description. |
All
reports and other documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date
hereof, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the
date of filing of such reports and documents. The Registrant is not incorporating by reference any reports or documents or portions thereof
that are not considered to be “filed” with the Commission.
Any
statement contained herein or in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be modified
or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently
filed document which also is or is deemed to be incorporated herein by reference modifies or supersedes such earlier statement. Any statement
so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item
4. Description of Securities.
Not
applicable.
Item
5. Interests of Named Experts and Counsel.
Not
applicable.
Item
6. Indemnification of Directors and Officers.
The
following summary is qualified in its entirety by reference to the complete text of any statutes referred to below and the Third Amended
and Restated Certificate of Incorporation of Movano Inc., a Delaware corporation.
Section
145 of the General Corporation Law of the State of Delaware (the “DGCL”) permits a Delaware corporation to indemnify any
person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the
fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise,
against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred
by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably
believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had
no reasonable cause to believe the person’s conduct was unlawful.
In
the case of an action by or in the right of the corporation to procure a judgment in its favor, Section 145 of the DGCL permits a Delaware
corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed
action or suit by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was
serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, against expenses (including attorneys’ fees) actually and reasonably incurred by the person in connection
with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed
to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim,
issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the
Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication
of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses
that the Court of Chancery or such other court shall deem proper.
Section
145 of the DGCL also permits a Delaware corporation to purchase and maintain insurance on behalf of any person who is or was a director,
officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person
and incurred by such person in any such capacity, or arising out of such person’s status as such, whether or not the corporation
would have the power to indemnify such person against such liability under Section 145 of the DGCL.
Article
NINTH of our Third Amended and Restated Certificate of Incorporation states that our directors shall not be personally liable to us or
to our stockholders for monetary damages for any breach of fiduciary duty as a director, notwithstanding any provision of law imposing
such liability. Under Section 102(b)(7) of the DGCL, the personal liability of a director to the corporation or its stockholders for
monetary damages for breach of fiduciary duty can be limited or eliminated except (i) for any breach of the director’s duty of
loyalty to the corporation or its stockholders; (ii) for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law; (iii) under Section 174 of the DGCL (relating to unlawful payment of dividend or unlawful stock purchase
or redemption); or (iv) for any transaction from which the director derived an improper personal benefit.
Article
EIGHTH of our Third Amended and Restated Certificate of Incorporation and Section 6.1 of our Amended and Restated Bylaws provide that
we shall indemnify (and advance expenses to) our officers and directors to the full extent permitted by the DGCL.
Effective
upon the closing of this offering, we will have directors’ and officers’ liability insurance insuring our directors and officers
against liability for acts or omissions in their capacities as directors or officers, subject to certain exclusions. Such insurance also
insures us against losses which we may incur in indemnifying our officers and directors.
As
permitted by the DGCL, we have entered into indemnification agreements with each of our directors and executive officers that require
us to indemnify such persons against various actions including, but not limited to, third-party actions where such director or executive
officer, by reason of his or her corporate status, is, or is threatened to be made, a party to or participant in any threatened, pending
or completed action, or by reason of anything done or not done by such director in any such capacity. We are obligated to indemnify directors
and executive officers against all costs, fees, judgments, fines, and amounts paid in settlement actually and reasonably incurred by
such directors or executive officers in connection with such action, if such directors or executive officers acted in good faith and
in a manner they reasonably believed to be in or not opposed to our best interests, and with respect to any criminal proceeding, had
no reasonable cause to believe their conduct was unlawful. We also must advance to our directors and executive officers expenses (including
attorney’s fees) incurred by or on behalf of such directors and executive officers no later than 30 days after our receipt of a
statement or statements from directors or executive officers requesting such payments from time to time. Pursuant to the indemnification
agreements, the directors or executive officers undertake to repay and advance to the extent it is ultimately determined that they are
not entitled to be indemnified by us.
Prior
to the closing of this offering, we plan to enter into an underwriting agreement, which will provide that the underwriter is obligated,
under some circumstances, to indemnify our directors, officers and controlling persons against specified liabilities.
Item
7. Exemption from Registration Claimed.
Not
applicable.
Item
8. Exhibits.
Exhibit
Number |
|
Description |
| 4.1 |
|
Third
Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s
Current Report on Form 8-K filed on March 25, 2021) |
| |
|
|
| 4.2 |
|
Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on June 21, 2023) |
| |
|
|
| 4.3 |
|
Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on July 10, 2024) |
| |
|
|
| 4.4 |
|
Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on October 25, 2024) |
| |
|
|
| 4.5 |
|
Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K/A filed on October 8, 2025) |
| |
|
|
| 4.6 |
|
Certificate of Designations for Series A Preferred Stock (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on November 10, 2025) |
| |
|
|
| 4.7 |
|
Amended
and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.2 to the Registrant’s Current Report on Form
8-K filed on March 25, 2021) |
| |
|
|
| 4.8 |
|
Movano
Inc. Amended and Restated 2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s Registration
Statement on Form S-1 (File No. 333-252671) filed on March 10, 2021) |
| |
|
|
| 4.9 |
|
Amendment
No. 1 to Movano Inc. Amended and Restated 2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s
Current Report on Form 8-K filed on June 22, 2022) |
| |
|
|
| 4.10 |
|
Amendment
No. 2 to Movano Inc. Amended and Restated 2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s
Current Report on Form 8-K filed on July 10, 2024) |
| |
|
|
| 4.11 |
|
Amendment No. 3 to Movano Inc. Amended and Restated 2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on December 17, 2025) |
| |
|
|
| 4.12 |
|
Form
of Stock Option Award under Movano Inc. Amended and Restated 2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.2
to the Registrant’s Registration Statement on Form S-1 (File No. 333-252671) filed on February 2, 2021) |
| |
|
|
| 5.1 |
|
Opinion of K&L Gates LLP * |
| |
|
|
| 23.1 |
|
Consent of Baker Tilly US, LLP, former Independent Registered Public Accounting Firm of Movano Inc. * |
| |
|
|
| 23.2 |
|
Consent of K&L Gates LLP (contained in Exhibit 5.1) * |
| |
|
|
| 24.1 |
|
Power of Attorney (included on the signature page of this Registration Statement) |
| |
|
|
| 107 |
|
Filing Fee Table * |
Item
9. Undertakings
| (a) | The
undersigned Registrant hereby undertakes: |
| (1) | To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |
| (i) | to
include any prospectus required by section 10(a)(3) of the Securities Act; |
| (ii) | to
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities
offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Filing Fee
Tables” in the effective registration statement; |
| (iii) | to
include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement; |
provided,
however, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference into this Registration Statement.
| (2) | That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof. |
| (3) | To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
of the offering. |
| (b) | The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the
Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of
an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering
of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
| (c) | Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions or otherwise, the Registrant has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer
or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer
or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. |
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Pleasanton, State of California,
on December 19, 2025.
| |
Movano Inc. |
| |
|
| |
By: |
/s/
J. Cogan |
| |
|
J. Cogan
Chief Financial Officer |
POWER
OF ATTORNEY
Each
person whose signature appears below constitutes and appoints John Mastrototaro and J. Cogan, and each of them, his true and lawful attorney-in-fact
and agent, each with full power of substitution and resubstitution, severally, for him and in his name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file
the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite
and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, or any of them or their or his or her substitute or substitutes, may lawfully
do or cause to be done by virtue hereof. This power of attorney may be executed in counterparts.
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed below by the following persons in the capacities indicated, in each case on December 19, 2025:
| Signature |
|
Title |
| |
|
|
| /s/
John Mastrototaro |
|
Chief
Executive Officer and Director |
| John Mastrototaro |
|
(Principal Executive Officer) |
| |
|
|
| /s/ J. Cogan |
|
Chief Financial Officer |
| J. Cogan |
|
(Principal Financial and
Accounting Officer) |
| |
|
|
| /s/ Michael
Leabman |
|
Chief Technology Officer
and Director |
| Michael Leabman |
|
|
| |
|
|
| /s/ Emily
Wang Fairbairn |
|
Director |
| Emily Wang Fairbairn |
|
|
| |
|
|
| /s/ Brian
Cullinan |
|
Director |
| Brian Cullinan |
|
|
| |
|
|
| /s/ Rubén
Caballero |
|
Director |
| Rubén Caballero |
|
|
| |
|
|
| /s/ Shaheen
Wirk |
|
Director |
| Shaheen Wirk |
|
|