Movano to request hearing from Nasdaq

Movano (MOVE) announced that it received a delisting determination from Nasdaq with respect to the $1.00 per share bid price requirement, as set forth in Listing Rule 5550(a)(2), and the late filing requirement, as set forth in Listing Rule 5250(c)(1), given the delay in filing its Form 10-Q for the quarter ended March 31. Accordingly, the company plans to timely submit a request for a hearing before a Nasdaq Hearings Panel. While the hearing request only stays suspension and delisting for 22 calendar days from the date of the Notice, the company intends to request an extended stay, concurrent with the filing of the hearing request through the conclusion of the hearings process and the expiration of any exception period granted by the panel following the hearing.