Movano Inc. 8-K

What Happened

• Movano Inc. announced a one-for-ten (1-for-10) reverse stock split of its common stock, effective October 10, 2025. The reverse split automatically combined every ten pre-split shares into one post-split share, reducing outstanding shares from approximately 8.3 million to approximately 0.8 million. The reverse split did not change the number of authorized shares or the par value ($0.0001) per share.
• To reflect the change in shares outstanding, Movano republished its audited consolidated financial statements as of and for the years ended December 31, 2024 and December 31, 2023 (filed as Exhibit 99.1) and incorporated them by reference in the 8-K. Other than adjusting share counts, the audited statements were not changed.

Key Details

• Reverse split ratio: 1-for-10, effective October 10, 2025.
• Outstanding shares: reduced from ~8.3 million pre-split to ~0.8 million post-split.
• Financials republished: audited consolidated statements for years ended Dec 31, 2024 and Dec 31, 2023 (Exhibit 99.1).
• Exhibit included: Consent of former auditor Baker Tilly US, LLP (Exhibit 23.1) and Inline XBRL cover page (Exhibit 104).

Why It Matters

• The reverse split changes the number of shares outstanding and therefore will change per-share metrics (e.g., reported earnings or book value per share) on a post-split basis, but it does not alter the company’s underlying assets, liabilities, or shareholders’ proportional ownership (aside from rounding adjustments).
• Republishing the audited financials ensures investors see consistent financial statements reflecting the new share count. Investors should note the corporate action when comparing historical per-share figures or assessing stock price and liquidity after October 10, 2025.