Corvex, Inc. filings document the company's public-company transition, material-event reporting, securities registration activity, and capital structure. Recent 8-K reports cover material agreements, shareholder voting matters, governance matters, operating and financial results, and Nasdaq listing-compliance disclosures for the MOVE common stock.
Registration statements filed under the former Movano Inc. name describe offered securities, issuer status as a smaller reporting company and emerging growth company, and delayed or continuous offering mechanics. The filing record also documents the completed merger-related change to Corvex, Inc. and related capitalization and governance disclosures.
Corvex, Inc. director Brian Cullinan exercised stock options to acquire 48,209 shares of Common Stock at an exercise price of $0.92 per share. These newly acquired shares increased his direct Common Stock holdings to 61,276 shares following the transaction. The exercised options, covering 48,209 shares, were fully converted into Common Stock and now have a reported post-transaction balance of zero. The filing notes that both the number of shares and the option exercise price were adjusted to reflect a prior stock dividend, where each share of Common Stock was automatically converted into 1.358 shares and distributed in early April 2026.
Corvex, Inc. director Ruben Caballero exercised stock options to acquire 29,197 shares of Common Stock at an exercise price of $0.92 per share. Following this derivative exercise, his direct holdings increased to 38,017 Common shares. The filing notes that both the share amounts and exercise price reflect adjustments from a prior stock dividend and were tied to an option award under the company’s Omnibus Incentive Plan.
Corvex, Inc. opened its 2026 Annual Meeting of Stockholders on June 26, 2026 and then adjourned it to July 1, 2026 at 3:00 p.m. Eastern Time for administrative reasons. The company notes that, based on preliminary reports, all proposals on the agenda have received overwhelming stockholder support.
The record date remains April 28, 2026. Stockholders can vote in advance at proxyvote.com until June 30, 2026 at 11:59 p.m. Eastern Time or during the reconvened virtual meeting at virtualshareholdermeeting.com/MOVE2026, as well as by phone. Previously submitted proxies remain valid unless changed, and votes will be accepted until the close of the adjourned meeting on July 1, 2026.
Corvex, Inc. appointed Christopher Chance Moreland as its new Chief Financial Officer, effective June 29, 2026, while J. Cogan will continue as CFO until that date. Moreland is a Morgan Stanley leveraged finance Managing Director with more than 12 years of experience structuring complex loan and bond transactions.
Under his employment agreement, he will receive a base salary of $425,000, an annual bonus opportunity of up to 100% of base salary, and equity awards of 523,211 restricted stock units plus up to 523,211 performance stock units, subject to multi-year vesting and performance conditions. If terminated without cause or if he resigns for good reason, he is eligible for cash severance equal to one year of salary, 12 months of COBRA premiums, and prorated accelerated vesting of time-based and performance equity awards.
Corvex, Inc. is asking stockholders to approve a series of proposals tied to its completed merger with Corvex OpCo and its shift toward AI cloud computing. The virtual annual meeting will be held on June 26, 2026, with a record date of April 28, 2026.
Key items include a Conversion Proposal to allow Series C and Series D preferred stock issued in the merger to convert into up to 53,778,552 common shares and an Option Proposal to permit issuance of common shares underlying 6,108,470 assumed RSUs and 8,755,418 assumed options. Together these proposals could add up to 68,642,440 new common shares.
After these issuances, pro forma common shares outstanding would rise from 1,981,047 to 70,623,487, meaning existing holders would own a much smaller percentage of the company. Directors, officers and certain stockholders are party to support and lock-up agreements, and several board and executive changes are planned, including the expected appointment of Seth Demsey as Co‑CEO.
Corvex, Inc. is soliciting votes at a virtual Annual Meeting on June 22, 2026 to approve proposals tied to the recently completed Merger with Corvex OpCo. The Board asks stockholders to approve the Conversion Proposal and Option Proposal that would permit issuance of up to 68,642,440 shares of common stock arising from conversions, assumed RSUs and assumed options.
The proxy materials note record holders as of April 28, 2026, state pro forma shares outstanding of 70,623,487 assuming full exercise and conversion, and disclose a Stock Dividend distributed April 6, 2026. The Board discloses related support and lock-up agreements and describes key risks from integration, dilution, supply chain, power, and capital requirements.
Corvex, Inc., an AI cloud computing company focused on GPU-accelerated infrastructure, reported strong top-line growth for the quarter ended March 31, 2026. Revenue rose to $510 thousand from $206 thousand a year earlier, driven mainly by $475 thousand from its AI platform and services business, which did not generate revenue in the prior-year period.
Operating expenses were $5.36 million, roughly flat versus $5.44 million last year, leading to a loss from operations of $4.85 million compared with $5.24 million. Net loss was $5.01 million, slightly improved from $5.18 million, and adjusted EBITDA narrowed to $(1.60) million from $(4.90) million, reflecting lower losses in connected devices and the contribution of the AI platform.
The quarter also reflects the recently completed Merger. Total assets increased to $604.48 million from $5.60 million, including $518.26 million of goodwill and $15.36 million of intangible assets. Cash and cash equivalents rose to $29.33 million from $2.83 million, helped by $36.68 million of cash acquired in the business combination and a noncash equity issuance of $581.91 million to acquire the business. Total stockholders’ equity improved to $576.00 million from a deficit of $(3.47) million.
Corvex, Inc. is furnishing updated unaudited pro forma financials and non-GAAP data reflecting its March 19, 2026 acquisition of Corvex Legacy Holdings, Inc. The merger is treated as a business combination with Corvex as the accounting acquirer.
The estimated purchase price is $581,911 (thousands), largely allocated to goodwill of $518,263 and identifiable intangibles including customer relationships and trade names. Pro forma combined revenue was $3,653 (thousands) for the three months ended March 31, 2026 and $7,535 (thousands) for 2025, with pro forma net losses of $15,933 and $68,399 (thousands), respectively. Pro forma Adjusted EBITDA, a non-GAAP measure, was a loss of $933 (thousands) for Q1 2026 and $13,668 (thousands) for 2025.
Corvex, Inc. filed its quarterly report for the three months ended March 31, 2026, highlighting the completed acquisition of Corvex OpCo, an AI cloud computing company focused on GPU-accelerated infrastructure. The deal, valued at about $581.9 million, added significant assets including $518.3 million of goodwill and $15.4 million of intangible assets, and shifted the business to two segments: AI Platform and services and Connected devices and services.
Quarterly revenue rose to $510,000 from $206,000 a year earlier, mainly from AI Platform and services of $475,000. The company reported a net loss of $5.0 million, slightly improved from a $5.2 million loss in 2025, with higher operating expenses tied to the new AI infrastructure. Cash and cash equivalents increased sharply to $29.3 million from $2.8 million at year-end, and total assets expanded to $604.5 million. Deferred revenue increased to $4.4 million, reflecting multi-period AI service contracts, while a $1.5 million related-party bridge loan carried a $3.0 million premium obligation and a $4.5 million carrying amount.