Movano Health Continues To Work With Securities Regulators, Legal Advisors And Other Partners To Protect Interests Of Shareholders
Movano Health Continues To Work With Securities Regulators, Legal Advisors And Other Partners To Protect Interests Of Shareholders
Company Continues to Work with Securities Regulators, Legal Advisors and Other Partners to Protect Interests of Shareholders
公司繼續與證券監管機構、法律顧問和其他合作伙伴合作，以保護股東的利益
PLEASANTON, Calif., Nov. 4, 2024 /PRNewswire/ -- Movano Health (Nasdaq: MOVE) (the "Company") provided an update on an investigation to expose apparent manipulation in trading of the Company's common shares, following the recent announcement of a shareholder approved reverse stock split.
美國加利福尼亞州普萊森頓，2024年11月4日/美通社/ - Movano Health（納斯達克代碼: MOVE）（"公司"）就最近公佈股東批准的逆向拆股的交易中出現的操縱行爲提供了最新消息。
Based on its preliminary investigation, the Company believes that between the announcement of the reverse split on October 25, 2024, and its effective date on October 29, 2024, a large number of single share transactions were executed in an apparent attempt to take advantage of the convention of rounding up reverse split fractional shares at the beneficial owner level. The Company was able to uncover this activity before any round up shares were issued and continues to expect the number of common shares outstanding to be approximately 6.6 million following the reverse split.
根據初步調查，公司認爲在2024年10月25日逆向拆股公告和2024年10月29日生效日期之間，大量單股交易被執行，顯然是爲了利用在受益所有者級別四捨五入逆向拆股碎股的慣例。公司在發放任何四捨五入股份前發現了這種活動，並繼續預計繼續拆股後，流通普通股的數量約爲660萬股。
