secwatch.observer — SEC 8-K summary
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Issuer:     Corvex, Inc. (MOVE)
CIK:        0001734750
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001213900-24-029886
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734750/000121390024029886/0001213900-24-029886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734750/000121390024029886/ea0203109-8k_movano.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-029886

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer