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Movano (MOVE)

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Earnings summaries and quarterly performance for Movano.

Recent press releases and 8-K filings for MOVE.

Movano's Corvex Secures NVIDIA H200 GPU Deployment
MOVE
New Projects/Investments
M&A
  • Corvex, an AI cloud computing company that is combining with Movano Inc., announced a long-term GPU lease agreement with an established AI-driven provider of high-performance battery technologies.
  • The deployment will utilize a dedicated cluster of NVIDIA H200 GPUs to underpin the customer's core AI development and research initiatives, and enable expansion into security-conscious environments.
  • This transaction demonstrates Corvex's continued growth and validates its commitment to delivering secure, high-performance AI infrastructure.
Jan 22, 2026, 9:05 PM
Movano Inc. Faces Shareholder Investigation Over Corvex Acquisition
MOVE
Legal Proceedings
M&A
Takeover Bid
  • Brodsky & Smith is investigating Movano Inc. (Nasdaq - MOVE) concerning its acquisition by Corvex, Inc..
  • The investigation focuses on potential breaches of fiduciary duties by Movano's Board and whether the deal consideration offers fair value to shareholders.
  • Upon closing, Movano stockholders are projected to own approximately 3.8% of the combined company, while Corvex stockholders would own approximately 96.2%.
Dec 9, 2025, 12:53 PM
Movano Announces All-Stock Merger with Corvex
MOVE
M&A
New Projects/Investments
  • Movano Inc. and Corvex, an AI cloud computing company, announced a definitive all-stock merger agreement to create a pure-play platform for secure AI infrastructure and high-performance inference.
  • The merger exchange ratio is based on a Movano per share value of $6.25.
  • Corvex and Movano collectively raised an aggregate of $40.0 million from concurrent private placement financings. Specifically, Corvex raised $37.1 million and Movano raised $3.0 million in equity capital.
  • Upon closing, pre-Merger Corvex stockholders are expected to own approximately 96.2% and pre-Merger Movano stockholders approximately 3.8% of the combined company on a pro forma basis.
  • Movano Health will resume the process to market its medical device operations, including the FDA-cleared EvieMED Ring, for sale prior to the merger's expected close in the first quarter of 2026.
Nov 10, 2025, 12:30 PM
Movano Inc. Announces 1-for-10 Reverse Stock Split
MOVE
Delisting/Listing Issues
  • Movano Health (MOVE) will implement a 1-for-10 reverse stock split, effective October 10, 2025, with shares expected to begin trading on a split-adjusted basis on the same day.
  • The reverse stock split is intended to increase the bid price of the common stock to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.
  • This action will reduce the number of outstanding shares from approximately 8.3 million to approximately 0.8 million, and stockholders entitled to fractional shares will receive cash in lieu.
Oct 8, 2025, 12:30 PM
Movano Health Announces Reverse Stock Split
MOVE
Delisting/Listing Issues
Proxy Vote Outcomes
  • Movano Health (Nasdaq: MOVE) will implement a 1-for-10 reverse stock split, effective October 10, 2025.
  • The reverse stock split is intended to increase the bid price of the common stock to regain compliance with The Nasdaq Capital Market's minimum bid price requirement.
  • This action will reduce the number of outstanding shares from approximately 8.3 million to approximately 0.8 million.
  • Shares are expected to begin trading on a split-adjusted basis on Friday, October 10, 2025.
Oct 8, 2025, 12:30 PM
Movano Health Granted Nasdaq Listing Extension
MOVE
Delisting/Listing Issues
Accounting Changes
Proxy Vote Outcomes
  • Nasdaq granted Movano Health (Nasdaq: MOVE) an extension to continue its listing, contingent on meeting specific compliance requirements.
  • The company must file its Q1 2025 and Q2 2025 Form 10-Q reports by September 30, 2025, to address the Periodic Filing Rule.
  • Movano Health is also required to demonstrate compliance with the $1.00 per share bid price rule by October 30, 2025, and has filed a preliminary proxy statement for a shareholder vote on a reverse stock split to achieve this.
Aug 28, 2025, 8:30 PM