secwatch.observer — SEC 8-K summary
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Issuer:     Corvex, Inc. (MOVE)
CIK:        0001734750
Form:       8-K
Filed at:   2026-05-19T20:05:26+00:00
Accession:  0001213900-26-058996
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corvex (fka Movano) reports pro forma combined Q1 2026 net loss $15.9M post-merger
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- Pro forma combined Q1 2026 revenue $3.65M, net loss $15.93M ($7.81 diluted EPS).
- Pro forma FY 2025 revenue $7.54M, net loss $68.40M ($33.53 diluted EPS).
- Merger purchase price $581.9M; goodwill $518.3M, intangibles $15.4M (customer rel., trade names).
- Consideration includes Series B/C/D convertible preferred shares; conversion contingent on stockholder vote.
- Company renamed Corvex effective March 23, 2026; paid stock dividend of 0.358 shares per share on April 6.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734750/000121390026058996/0001213900-26-058996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734750/000121390026058996/ea0291058-8k_corvexinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-058996

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