Corvex, Inc. (MOVE): debt financing — Movano secures $1.5M bridge loan at 12% interest to fund strategic alternatives

Corvex, Inc.

$1.5M bridge loan with 12% annual interest, maturing November 4, 2025.
Proceeds to continue pursuit of strategic alternatives as disclosed in May 2025 8-K.
Lender receives security interest in all assets, including intellectual property.
Loan includes provision that could double outstanding principal upon certain trigger events.
Maturity may be extended up to 60 days if definitive documentation for a Qualifying Transaction is executed.

item 1.01 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Corvex, Inc. incurred loan of $1,500,000 at 12.0% maturing November 4, 2025.

Instrument: loan
Principal: $1,500,000
Rate: 12.0%
Maturity: November 4, 2025
Event: incurrence

Exact text from the filing

On August 6, 2025, Movano Inc. (the “Company”) entered into a Loan Agreement and Promissory Note (the “Loan Agreement”) pursuant to which the Company obtained $1,500,000 in bridge financing (the “Bridge Loan”).

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Corvex, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-073070

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