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. notified the SEC that it cannot file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 within the prescribed time without unreasonable effort or expense. The Company attributes the delay to the accounting complexity arising from its completed merger dated March 19, 2026 and states it expects to file the Form 10-Q within the 5 calendar day extension period provided by Rule 12b-25.
The notification was signed by CFO J. Cogan on May 18, 2026. The filing explains that additional time and resources are required to complete financial reporting and close procedures related to the Merger and the application of U.S. GAAP accounting standards.
Corvex, Inc. is soliciting proxies for its virtual 2026 Annual Meeting on May 29, 2026 to seek stockholder approval of multiple merger-related proposals. The company completed a Merger with Corvex OpCo on March 19, 2026, issued preferred shares that converted or may convert into common stock, and assumed OpCo equity awards.
The proxy asks shareholders to approve the Conversion Proposal (conversion of Series C and optional conversion of Series D Preferred Stock) and the Option Proposal (issuance of common stock underlying assumed RSUs and options). The record date is April 28, 2026.
Corvex, Inc. filed an amended current report to add the historical financial statements of its acquired subsidiary, Corvex Legacy Holdings, Inc. (Corvex OpCo), and unaudited pro forma combined financial information related to their March 19, 2026 merger.
Corvex OpCo, an AI cloud computing provider focused on GPU-accelerated infrastructure, generated $7.1 million in revenue for 2025 and recorded a net loss of $9.5 million. At December 31, 2025 it held $35.3 million in cash and total assets of $67.6 million, against total liabilities of $57.2 million, including a SAFE liability of $27.3 million and warrant liabilities of $13.1 million.
Corvex, Inc. changed its independent auditor following its March 19, 2026 merger, dismissing RBSM LLP and appointing BDO USA, P.C. for the fiscal year ending December 31, 2026. RBSM’s audit report on the 2025 financial statements contained an explanatory paragraph about Corvex’s ability to continue as a going concern.
The filing states there were no disagreements with RBSM on accounting, disclosure, or audit procedures, and no additional reportable events beyond previously disclosed material weaknesses in internal control over financial reporting. Those weaknesses involved an ineffective control environment, including insufficient qualified personnel and incomplete implementation of COSO control components. Corvex reports it did not consult BDO on accounting matters before the engagement; BDO previously audited Corvex Legacy Holdings, Inc. prior to the merger.
Corvex, Inc. files an amendment to its 2025 annual report to add detailed Part III information on directors, executive officers, compensation, ownership and related‑party transactions because it will not file a 2026 proxy statement within 120 days of year‑end.
The filing outlines a reconfigured leadership team, with Jay Crystal as Chief Executive Officer, John Mastrototaro as Chief Operating Officer, and new director Seth Demsey. It describes liquidity challenges in 2025 that led Corvex to replace portions of cash salaries and director fees with equity, including discounted stock options at $1.25 per share expiring on June 30, 2026.
The amendment also details new and legacy director compensation policies, equity plan usage, severance and change‑in‑control protections, significant private financings at Corvex and its subsidiary Corvex OpCo, and updated beneficial ownership data, including 1,981,462 common shares outstanding as of April 20, 2026.
Corvex, Inc. has regained compliance with Nasdaq’s minimum stockholders’ equity requirement for its common stock listing. Nasdaq’s Hearings Panel informed the company on April 7, 2026, that it now meets the Minimum Stockholders’ Equity Rule. The company will be under a Mandatory Panel Monitor for one year starting April 7, 2026, and any new listing-rule violation during this period could lead directly to a new hearing without additional time to regain compliance.
Corvex, Inc. director Seth Demsey reported automatic conversions of Series B Preferred Stock into Common Stock on March 31, 2026. The filing shows 24.5327 shares of Series B Preferred Stock converting into 24,532 shares of Common Stock held directly, and 0.1399 preferred shares converting into 139 common shares held indirectly.
After the transactions, Demsey directly holds 3,078,767 shares of Common Stock. The indirect Common Stock is held through Ainsworth Holdings, LLC, where Demsey is the managing member and has sole voting and dispositive power but disclaims beneficial ownership except for his pecuniary interest. The Series B Preferred Stock converts at a 1-to-1,000 ratio and is perpetual with no expiration date.
Corvex, Inc. Chief Executive Officer Crystal John Adler III reported automatic conversions of Series B Preferred Stock into common stock on March 31, 2026. A total of 14.9652 shares of Series B Preferred Stock converted into 14,965 shares of common stock held directly, bringing his direct common stock holdings to 3,069,200 shares, which include unvested restricted stock units. An additional 3.1677 shares of Series B Preferred Stock converted into 3,167 shares of common stock held indirectly in the John Adler Crystal III Roth IRA, an account over which he has sole voting and dispositive power while disclaiming beneficial ownership beyond his pecuniary interest.
Corvex, Inc. director Emily Fairbairn reported a conversion of preferred stock into common shares. On March 31, 2026, 9.2319 shares of Series B Convertible Preferred Stock automatically converted into 9,231 shares of common stock at a 1-to-1,000 conversion ratio, with fractional shares paid in cash.
The new common shares are held indirectly through affiliated entities where Fairbairn has voting and investment power, and she disclaims beneficial ownership beyond her pecuniary interest. Following these transactions, she holds 68,369 common shares directly and additional indirect holdings of 22,232 and 3,522 common shares through separate entities.
Movano Inc. submitted a Form 144 notice for proposed sales of its Class A Common Stock and restricted securities. The cover lists multiple share amounts tied to different dates, including 5,000, 57,720, 1,141,930, 9,684, and a reported sale of 19,967 shares on 01/14/2026. The filing names Michael Leabman as a holder associated with the sale notice.