Movano Inc. (NASDAQ:MOVE) shares fell 9.3% in premarket trading Wednesday after the company announced plans to implement a 1-for-10 reverse stock split, effective October 10, 2025.
The move is intended to raise Movano’s share price and help the company regain compliance with Nasdaq’s minimum bid price requirement needed to maintain its listing. The stock will continue trading on the Nasdaq Capital Market under the ticker symbol “MOVE” once the split takes effect.
Under the terms of the reverse split, every 10 existing shares of Movano’s common stock will automatically be converted into one new share, reducing the total number of outstanding shares from about 8.3 million to 0.8 million. The company noted that the number of authorized shares will remain unchanged.
Shareholders entitled to fractional shares will receive cash payments instead, and proportionate adjustments will be applied to the exercise prices and share counts in Movano’s equity compensation plans and outstanding grants.
The reverse split was approved by shareholders during Movano’s annual meeting on September 26, 2025, with the Board of Directors later determining the final ratio. The par value of the common stock will not be affected.
Movano’s transfer agent, Pacific Stock Transfer Company, will manage the share exchange. Investors holding shares electronically in book-entry form will receive transaction confirmations automatically, while those with shares held through brokers or custodians will see adjustments reflected directly in their accounts.
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