secwatch.observer — SEC 8-K summary
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Issuer:     Corvex, Inc. (MOVE)
CIK:        0001734750
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001213900-25-107857
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 2.01, 3.02, 5.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Movano to acquire Corvex in reverse merger; Corvex stockholders to own ~96% of combined company
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- Corvex valued at $250M, Movano at $10M; pre-Merger Corvex holders to own ~96.2% of combined entity.
- Movano raises $3M via Series A convertible at $5.50/sh; secures $1B equity facility from Chardan.
- Corvex concurrently raises $37.1M in private placement; Movano to sell operating assets and distribute proceeds.
- Support agreements from 21.2% of Movano shares to vote in favor; directors and officers subject to 180-day lock-up.
- Combined company board: 5 Corvex designees, 1 Movano designee; name change to Corvex, Inc. proposed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734750/000121390025107857/0001213900-25-107857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734750/000121390025107857/ea0264486-8k425_movano.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-107857

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