Welcome to our dedicated page for Reshape Lifesciences news (Ticker: RSLS), a resource for investors and traders seeking the latest updates and insights on Reshape Lifesciences stock.
Reshape Lifesciences Inc. (RSLS) is a medical device innovator focused on non-surgical solutions for weight management and metabolic health. This page provides investors and healthcare professionals with essential updates on corporate milestones, product developments, and clinical advancements.
Access timely announcements including regulatory approvals, strategic partnerships, and clinical trial outcomes. Our curated news feed helps stakeholders track the company’s progress in advancing alternatives to invasive obesity treatments and diabetes management technologies.
Key coverage areas include product innovation updates, financial disclosures, and market expansion initiatives. Bookmark this page for structured access to RSLS’s evolving role in the medical device sector, with neutral reporting suitable for both casual observers and professional analysts.
ReShape Lifesciences (Nasdaq: RSLS), a weight loss and metabolic health-solutions company, has successfully regained compliance with Nasdaq's minimum stockholders' equity requirement. The company, which was previously at risk of delisting due to having only $1.2 million in stockholders' equity as of March 31, 2025, has now met the required $2.5 million minimum.
To achieve compliance, ReShape completed two key transactions: an at-the-market offering of 593,000 shares raising $3.64 million, and a subsequent offering of 1,054,604 shares generating $2.64 million in gross proceeds. These actions have resolved the listing concern, and Nasdaq has officially closed the matter.
ReShape Lifesciences (NASDAQ:RSLS) announced strategic cost reductions and updates on pending transactions. The company is implementing a workforce reduction expected to save over $750,000 annually, representing 23.4% of payroll expenses, while maintaining its sales and marketing team intact.
The company is progressing with its merger agreement with Vyome Therapeutics and an asset purchase agreement with Biorad Medisys. A special shareholder meeting is scheduled for July 24, 2025 to vote on these strategic transactions. The Board of Directors has unanimously endorsed these deals, viewing them as transformative opportunities for long-term value creation.
ReShape Lifesciences (Nasdaq: RSLS) has secured a significant Australian patent for its Diabetes Neuromodulation technology, valid until April 2039. The technology utilizes the company's proprietary vBloc™ platform to treat Type 2 diabetes through vagus nerve modulation.
The system employs targeted bioelectronic modulation of vagal nerves using implanted electrodes and an intelligent pulse generator that interfaces with external devices and glucose monitors. Preclinical studies in Zucker rats and alloxan-treated swine have demonstrated effective glycemic control. The technology is supported by 63 issued or pending patents covering areas including vagal neuromodulation, glucose regulation, artificial intelligence, and Bluetooth-enabled applications.
ReShape Lifesciences (NASDAQ: RSLS) has announced a 1-for-25 reverse stock split of its common stock, effective for trading on May 9, 2025. Following the split, every 25 shares of outstanding common stock will be consolidated into one share. The company will make proportional adjustments to outstanding warrants, stock options, and convertible preferred stock. Any fractional shares will be rounded up to the nearest whole share.
The reverse split was approved by stockholders on April 1, 2025. The company's transfer agent, Equiniti Trust Company, will provide instructions for exchanging existing certificates. The new CUSIP number will be 76090R408. The number of authorized shares under the company's certificate of incorporation will remain unchanged.
ReShape Lifesciences (Nasdaq: RSLS) has received a Notice of Allowance from the USPTO for patent application 18/241,151, titled 'Intragastric Device.' The patent covers an innovative intragastric balloon system featuring a swallowable capsule with self-sealing fill valve and degradable release valve.
The system is designed to deflate approximately three months after saline inflation and is configured for natural excretion. The patent will provide protection until at least January 2031, with potential for extension.
Since their initial filing in 2011, the company has secured over 50 patents related to their intragastric balloon system. ReShape currently maintains a portfolio of more than 160 patents issued and pending across various protected technologies.