Movano Inc. (MOVE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 19, 2026

Risk Assessment Details

Potential Dilution: 68.25% of current shares
Recent Dilution: Infinity% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2M
Potential Supply
1.4M
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

MOVE currently has 1.98M outstanding shares. with significant dilution risk as 1.35M authorized shares could dilute existing holders by 68.3%. The company has significantly diluted shareholders by Infinity% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 19, 2026

10-Q filing | 2.0M shares outstanding

2M 1.4M
Jan 13, 2026

S-1 filing: This prospectus relates to the potential offer and resale, from time to time by the selling stockholders, of up to 545,456 shares of common stock of Movano Inc., issuable to the Selling Stockholders upon the conversion of the Company's Series A Preferred Stock.

910K 1.4M
Nov 14, 2025

10-Q filing | 0.9M shares outstanding

850K 810K
Nov 10, 2025

8-K filing: Movano Inc. entered into an Agreement and Plan of Merger with Corvex, Inc., and in connection with the merger, Movano raised $3.0 million in equity capital through the sale of Series A Preferred Stock and entered into a $1.0 billion Equity Facility with Chardan Capital Markets LLC. ($3.0M proceeds)

0 810K
Oct 10, 2025
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 7,793,900 → 0

0 810K
Sep 24, 2025

10-Q filing | 8.3M shares outstanding

8.3M 8.1M
Sep 24, 2025

10-Q filing | 7.8M shares outstanding

7.8M 8.1M
Apr 09, 2025

10-K filing | 7.0M shares outstanding

7M 8.1M
Nov 14, 2024

10-Q filing | 6.8M shares outstanding

6.8M 8.1M
Oct 29, 2024
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 99,538,371 → 6,600,000

6.6M 8.1M
Aug 14, 2024

10-Q filing | 99.5M shares outstanding

100M 120M
May 17, 2024

10-Q filing | 98.3M shares outstanding

98M 120M
Apr 23, 2024

S-3 filing: This prospectus relates to up to 78,030,998 shares of common stock that the selling stockholders identified in this prospectus may sell from time to time in one or more transactions in amounts, at prices and on terms that will be determined at the time of the offering.

98M 120M
Apr 16, 2024

10-K filing | 98.2M shares outstanding

98M 43M
Apr 03, 2024

8-K filing: Movano Inc. entered into a securities purchase agreement for a private placement of 45,298,517 units, each consisting of one share of common stock or a pre-funded warrant and one warrant, at a purchase price of $0.533 per unit, with certain directors and officers participating. ($24.2M proceeds)

51M 43M
Nov 15, 2023

8-K filing: Movano Inc. entered into an underwriting agreement for an offering of 4,235,304 shares of common stock, with an over-allotment option for an additional 635,296 shares. The company estimates gross proceeds of $3.6 million. ($3.6M proceeds)

51M 43M
Nov 14, 2023

10-Q filing | 50.7M shares outstanding

51M 43M
Aug 14, 2023

10-Q filing | 50.6M shares outstanding

51M 43M
Jun 13, 2023

8-K filing: Movano Inc. entered into an Underwriting Agreement for an underwritten offering of 8,000,000 shares of common stock, with an over-allotment option for an additional 1,200,000 shares, with gross proceeds estimated at $8.0 million before deductions. ($8.0M proceeds)

38M 43M
May 15, 2023

10-Q filing | 37.5M shares outstanding

38M 43M
Mar 30, 2023

10-K filing | 41.3M shares outstanding

41M 43M
Jan 31, 2023

8-K filing: Movano Inc. closed an underwritten offering of 4,644,000 shares of common stock and warrants to purchase up to 2,322,000 shares of common stock on January 31, 2023, with net proceeds of approximately $5.8 million. ($5.8M proceeds)

33M 43M
Nov 14, 2022

10-Q filing | 32.9M shares outstanding

33M 43M
Aug 15, 2022

10-Q filing | 32.8M shares outstanding

33M 43M
May 19, 2022

S-3/A filing: This S-3/A filing indicates Movano Inc. is offering common stock, preferred stock, and debt securities for a total proposed amount of $100,000,000.

33M 43M
May 12, 2022

10-Q filing | 32.7M shares outstanding

33M 43M
Apr 04, 2022

S-3 filing: This S-3 filing indicates Movano Inc. is offering common stock, preferred stock, and debt securities for a total proposed amount of $100,000,000. The last reported sale price for their common stock was $2.80 per share on April 1, 2022.

33M 43M
Mar 30, 2022

10-K filing | 32.8M shares outstanding

33M 7.2M
Nov 12, 2021

10-Q filing | 32.8M shares outstanding

33M 7.2M
Aug 12, 2021

10-Q filing | 32.8M shares outstanding

33M 7.2M
May 14, 2021

10-Q filing | 32.8M shares outstanding

33M 7.2M
Mar 25, 2021

8-K filing: Movano Inc. completed its initial public offering of 9,775,000 shares of common stock at $5.00 per share, generating gross proceeds of $48,875,000, and issued warrants to the underwriters to purchase 956,973 shares at $6.00 per share. ($48.88M proceeds)

6.4M 7.2M
Mar 17, 2021

S-1/A filing: This is the initial public offering of shares of our common stock. The initial public offering price is $5.00 per share.

6.4M 7.2M
Mar 10, 2021

S-1/A filing: This is the initial public offering of shares of our common stock. The initial public offering price is $5.00 per share.

6.4M 7.2M
Feb 02, 2021

S-1 filing: This is an initial public offering of common stock. The company intends to use the net proceeds from this offering to fund product development and for working capital and other general corporate purposes

4.7M 0
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