---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-006456"
form_type: "8-K"
ticker: "MOVE"
cik: "0001734750"
company_name: "Corvex, Inc."
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T05:33:21.380711+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Movano raises $5.8M in underwritten public offering of common stock and warrants

## Summary
- Offered 4,644,000 shares at $1.40 each plus one warrant per two shares.
- Warrants exercisable at $1.57/share, expire in 5 years; redeemable by company if stock ≥$4.87 for 10 days.
- Net proceeds ~$5.8M after underwriting discounts; will fund product development and commercialization.
- Offering closed Jan 31, 2023; Newbridge Securities acted as sole book-runner.
- Warrants will not be listed on any exchange; no trading market expected.

## SEC filing metadata
- accession: 0001213900-23-006456
- form_type: 8-K
- ticker: MOVE
- cik: 0001734750
- company_name: Corvex, Inc.
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1734750/000121390023006456/0001213900-23-006456-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1734750/000121390023006456/ea172434-8k_movanoinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-006456
- JSON: https://secwatch.observer/filing/0001213900-23-006456.json
- Plain text: https://secwatch.observer/filing/0001213900-23-006456.txt

## Key facts
- Material Agreements
  Corvex, Inc. entered into Underwriting Agreement with Newbridge Securities Corporation valued at approximately $5.8 million (effective 2023-01-27).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Newbridge Securities Corporation
  - Value: approximately $5.8 million
  - Effective: 2023-01-27
  source text: On January 27, 2023, Movano Inc. (the “Company”) entered into an Underwriting Agreement (the “Agreement”) with Newbridge Securities Corporation (the “Underwriter”), relating to an underwritten offering (the “Offering”) of 4,644,000 shares (“Company Shares”) of common stock (“Common Stock”) and warrants to purchase up to 2,322,000 shares of Common Stock (“Warrants”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1734750/000121390023006456/0001213900-23-006456-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.