Movano Inc. Form 8-K Filing

Movano Inc. has filed a Form 8-K to report on its operational and financial condition. A significant event disclosed is the completion of a one-for-ten reverse stock split, effective October 10, 2025. This action reduced the number of outstanding common shares from approximately 8.3 million to 0.8 million, without altering the total number of authorized shares or the par value per share. The company is republishing financial information to reflect this change. The audited consolidated financial statements for the years ended December 31, 2024, and December 31, 2023, have been updated to account for the reverse stock split. The filing also includes exhibits such as the consent of Baker Tilly US, LLP, and the audited financial statements themselves. Movano Inc. continues to operate as an emerging growth company. The financial statements indicate recurring losses from operations and a net capital deficiency, raising substantial doubt about the company's ability to continue as a going concern. Despite these challenges, the company is developing a platform for healthcare solutions using consumer health devices. For the year ended December 31, 2024, the company reported revenue of $1,013 thousand and a net loss of $23,727 thousand. For the year ended December 31, 2023, the company reported no revenue and a net loss of $29,283 thousand. The company is seeking additional financing to fund future operations.