As filed with the Securities and Exchange Commission on January 13, 2026. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MOVANO INC. (Exact name of registrant as specified in its charter) Delaware 3845 82-4233771 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification No.) 6800 Koll Center Parkway Pleasanton, CA 94566 (415) ...

Core Thesis - Nebius Group N.V. (NBIS) is positioned for strong performance in the AI infrastructure sector, with a focus on strategic progress and execution rather than just quarterly results [1][3][6] Company Overview - Nebius Group N.V. operates in the technology sector, providing full-stack infrastructure for the global AI industry across multiple regions including Europe, North America, and Israel [2] - The company's stock was trading at $94.87 as of November 28th, with a trailing P/E ratio of 163.47 [1][2] Financial Performance - Following a strong Q2 performance that exceeded expectations, the company is anticipated to continue its positive trajectory, with potential for an increase in year-end Annual Recurring Revenue (ARR) guidance [3] - The stock price has appreciated approximately 350.68% since previous coverage, indicating successful execution of the company's strategic roadmap [6] Strategic Developments - Clarity on the Phase 1 timeline in New Jersey is crucial, as early availability of capacity could significantly uplift guidance, particularly under the Microsoft deal [4] - Updates on capacity expansion, including new U.S. locations and a recently acquired Alabama site, are expected to enhance partnerships with hyperscalers [4] Margin and Growth Expectations - The company is expected to see continued gross margin expansion, with a reaffirmation of a mid-term EBIT margin target of 20–30% [5] - Strong demand and accelerated U.S. expansion are reinforcing confidence in the company's long-term growth potential [5]

Core Insights - Nebius, an AI cloud service provider, is launching a new product called "Token Factory" to enhance its market share in the AI sector by providing access to open-source models and the necessary computing power [1][2] - The Token Factory focuses on inference workloads, allowing customers to choose from leading open-source models like OpenAI's GPT-oss and Meta's Llama, while offering secure computing capabilities [1] - Nebius competes with cloud products from Amazon and Microsoft, with Microsoft recently agreeing to acquire AI computing capabilities from Nebius worth up to $19.4 billion [1] Company Overview - Nebius, based in the Netherlands, spun off from Russian internet company Yandex last year and has become a notable "new cloud service" provider, selling AI cloud service resources from data centers in the US, Europe, and Israel [2] - The company possesses one of the first publicly available clusters of NVIDIA's latest AI chips in Israel [2] - Nebius aims to attract more customers with a diverse product line rather than focusing solely on profit growth, as stated by co-founder and CBO Roman Chernin [2][3] Market Trends - There is a shift among AI application developers towards relying on powerful models from top AI labs, which are often closed-source or proprietary, leading to a demand for more flexible and cost-effective solutions [2][3] - Chernin noted that developers are moving away from closed ecosystems to adopt a more diverse product portfolio, which Nebius aims to provide through its scalable and reliable platform [3] Client Engagement - Early clients of Token Factory include Amsterdam-based tech company Prosus and AI video platform Higgsfield, with HuggingFace also utilizing Nebius's infrastructure for inference [3]