Movano Health, maker of the Evie Ring, says an internal investigation into apparent manipulation of its common shares following shareholder approval of a 1-for-15 reverse stock split revealed a large number of single share transactions were executed in an attempt to take advantage of the reverse split shares at the beneficial owner level.
The company said the large number of single share...
Wearables-company Movano Health, maker of the Evie Ring, announced it has opened an investigation into apparent manipulation in trading of its common shares a week after an SEC filing shows shareholders approved a 1-for-15 reverse stock split.
"It has come to our attention that several small cap stocks have suffered similar manipulation in recent weeks following their respective reverse stock...
Massachusetts Institute of Technology (MIT) announced it is partnering with wearable-maker Movano Health to use its Evie Ring's continuous health-monitoring capabilities to study COVID and chronic Lyme disease.
The ring will be used in MIT's MAESTRO study, which aims to identify biomarkers that indicate which individuals are likely to develop chronic conditions from acute infections.
Researchers...
