Movano Health, a company focused on developing innovative health technologies, announced today that it will execute a 1-for-10 reverse stock split of its common stock. This corporate action, impacting all shareholders, is scheduled to take effect after the market closes on October 8, 2025. Trading on the Nasdaq under the ticker symbol MOVE, the company anticipates that shares will begin trading on a split-adjusted basis starting October 10, 2025.

The reverse stock split means that for every ten shares of Movano Health stock an investor currently owns, those shares will be consolidated into one share. While the number of shares an investor holds will decrease, the proportional ownership in the company remains the same. For example, an investor who previously held 1,000 shares will now hold 100 shares after the split.

Reverse stock splits are often implemented by companies to increase the per-share trading price of their stock. A higher stock price can make the stock more attractive to a broader range of investors, including institutional investors who may have policies prohibiting them from purchasing stocks below a certain price threshold. Furthermore, maintaining a minimum share price is often a requirement for continued listing on major stock exchanges like the Nasdaq. Falling below these minimums can lead to delisting, which can negatively impact investor confidence and the company's ability to raise capital.

Movano Health has not explicitly stated its reasons for the reverse stock split in this initial announcement, but it is generally understood that such moves are intended to improve the company's standing in the market and potentially attract new investment. Investors are advised to consult with their financial advisors to understand the specific implications of the reverse stock split on their individual portfolios. The company is expected to release further details regarding its strategic rationale and future plans in the coming days.