Movano (NASDAQ: MOVE) Soars on All‑Stock Merger With Corvex to Create Secure AI‑Infrastructure Pure Play — Nov. 10, 2025
Movano and Corvex, Inc. agreed to merge in an all-stock deal, with Corvex holders owning about 96% of the combined company. The new entity, to be called Corvex, Inc., will focus on AI infrastructure and be based in Arlington, VA. Corvex raised $37.1 million in concurrent financing; Movano secured a $1 billion equity facility and $3 million bridge loan. MOVE shares jumped intraday after the announcement.
