secwatch.observer — SEC 8-K summary
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Issuer:     Corvex, Inc. (MOVE)
CIK:        0001734750
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001213900-26-031846
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.03, 3.01, 3.02, 3.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Movano completes reverse merger with Corvex, resolves Nasdaq deficiency, appoints new CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734750/000121390026031846/0001213900-26-031846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734750/000121390026031846/ea0282032-8k_movano.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-031846

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