Business
Movano Health Announces Reverse Stock Split
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.
About this update from Corvex, Inc.
[{"type":"text","content":"Shares Expected to Begin Trading on Split-Adjusted Basis on October 10, 2025","length":76,"tagName":"p","attribs":{}},{"type":"text","content":"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.","length":564,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Movano)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Movano)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":94,"url":"https://media.zenfs.com/en/prnewswire.com/c36c884c653f57e00c1b69adf57b4c0e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6AKWiouQyImH3nvexOa55Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c36c884c653f57e00c1b69adf57b4c0e","width":400,"height":94}},"href":"https://mma.prnewswire.com/media/1718078/Movano_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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.","length":434,"tagName":"p"},{"type":"text","content":"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 wi...