Movano Health to effect 1-for-15 reverse stock split on Oct 29 to regain Nasdaq compliance

Corvex, Inc.

Reverse split ratio 1-for-15; shares outstanding will fall from ~99.5M to ~6.6M.
Effective 12:01 a.m. ET Oct 29, 2024; stock will trade split-adjusted on Nasdaq under unchanged ticker MOVE.
Fractional shares rounded up to next whole share; authorized shares and par value unchanged.
Split intended to raise bid price to meet Nasdaq minimum bid price listing requirement.
New CUSIP 62459M206; board determined ratio after shareholder authorization on July 9, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Corvex, Inc.: Amendment to Certificate of Incorporation to effect a one-for-fifteen reverse stock split (effective 2024-10-29).

Change: charter amendment
Effective: 2024-10-29

Exact text from the filing

On October 25, 2024, Company filed with the Secretary of State of the State of Delaware an amendment to the Certificate of Incorporation to effect the Reverse Stock Split (the “Amendment”), to be effective at 12:01 a.m. Eastern Time on October 29, 2024.

View on SEC.gov

Browse all governance changes →

Corvex, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-090544

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.