Corvex, Inc. (MOVE): Nasdaq/NYSE listing notice — Movano completes reverse merger with Corvex, resolves Nasdaq deficiency, appoints new CEO

Corvex, Inc.

Closed merger with Corvex on March 19, 2026; issued convertible preferred shares to Corvex securityholders representing up to 19.9% voting power on as-converted basis.
Stock dividend of 0.358 share per outstanding common share payable April 6, 2026 to holders of record March 30, 2026.
Company regains Nasdaq stockholders' equity requirement compliance with equity >$2.5M post-merger; awaiting formal confirmation.
Jay Crystal appointed CEO (base salary $500K), John Mastrototaro as COO; Michael Leabman and Shaheen Wirk resigned.
Series B Preferred automatically converts to common on March 31, 2026; Series C and D conversion subject to shareholder approval at May 2026 meeting.

item 1.01 item 5.03 item 3.01 item 3.02 item 3.03 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Corvex, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

October 1, 2025, the Company received a written notice (the “Notice”) from the Listing Qualifications Department of Nasdaq Stock Market (“Nasdaq”) indicating that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on The Nasdaq Capital Market to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing (the “Stockholders’ Equity Requirement”) and served as an additional basis of delisting before the Nasdaq Hearings Panel (the “Panel”). In its Quarterly Report on Form 10-Q for the fiscal year ended June 30, 2025, filed with the U.S

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

Corvex, Inc.: Movano filed Certificates of Designations for Series B, C, and D Preferred Stock with the Delaware Secretary of State, amending its Certificate of Incorporation (effective 2026-03-19).

Change: charter amendment
Effective: 2026-03-19

Exact text from the filing

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Series B Convertible Preferred Stock On March 19, 2026, Movano filed a Certificate of Designations of the Series B Preferred Stock with the Secretary of State of the State of Delaware (the “Series B Certificate of Designations”) in connection with the Merger referenced in Item 1.01 above.

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Corvex, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-031846

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