---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-029886"
form_type: "8-K"
ticker: "MOVE"
cik: "0001734750"
company_name: "Corvex, Inc."
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T02:53:42.762556+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Movano raises ~$24.2M in private placement of units with warrants

## Summary
- Raised ~$24.2M gross via 45.3M units at $0.533/unit (directors/officers at $0.565/unit).
- Each unit includes one share (or pre-funded warrant) plus one warrant exercisable at $0.4071 for 5 years.
- Up to ~$18.4M additional gross proceeds if all warrants exercised for cash.
- Net proceeds to fund working capital and general corporate purposes; closing expected April 4, 2024.
- Directors and officers purchased 331,856 units at $0.565/unit.

## SEC filing metadata
- accession: 0001213900-24-029886
- form_type: 8-K
- ticker: MOVE
- cik: 0001734750
- company_name: Corvex, Inc.
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1734750/000121390024029886/0001213900-24-029886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1734750/000121390024029886/ea0203109-8k_movano.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-029886
- JSON: https://secwatch.observer/filing/0001213900-24-029886.json
- Plain text: https://secwatch.observer/filing/0001213900-24-029886.txt

## Key facts
- Material Agreements
  Corvex, Inc. entered into Registration Rights Agreement with the Purchasers (effective 2024-04-01).
  - Action: entry
  - Counterparty: the Purchasers
  - Effective: 2024-04-01
  source text: Pursuant to a registration rights agreement entered into with the Purchasers on April 1, 2024 (the “Registration Rights Agreement”), the Company agreed to file a registration statement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1734750/000121390024029886/0001213900-24-029886-index.htm
- Material Agreements
  Corvex, Inc. entered into Purchase Agreement with the Purchasers valued at approximately $24.2 million (effective 2024-04-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the Purchasers
  - Value: approximately $24.2 million
  - Effective: 2024-04-02
  source text: On April 2, 2024, Movano Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with the purchasers named therein (the “Purchasers”), for the private placement (the “Private Placement”) of an aggregate of 45,298,517 units
  evidence_url: https://www.sec.gov/Archives/edgar/data/1734750/000121390024029886/0001213900-24-029886-index.htm

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