tiprankstipranks
Movano Implements Reverse Stock Split to Maintain Nasdaq Listing
Company Announcements

Movano Implements Reverse Stock Split to Maintain Nasdaq Listing

Don't Miss our Black Friday Offers:

The latest announcement is out from Movano ( (MOVE) ).

Movano Health announced a 1-for-15 reverse stock split of its common stock to boost its bid price and maintain its Nasdaq listing. Effective October 29, 2024, this move will reduce the outstanding shares from approximately 99.5 million to 6.6 million, while ensuring no change in the number of authorized shares. The reverse split aims to enhance stockholder value by facilitating compliance with market requirements.

For detailed information about MOVE stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskMovano Health Updates on Financial and Strategic Progress
Austin AngeloIs MOVE a Buy, Before Earnings?
TheFlyMovano provides update on investigation regarding apparent manipulation
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App