Movano Announces Merger with Corvex, Inc.

An update from Movano ( (MOVE) ) is now available.

On November 6, 2025, Movano Inc. entered into a merger agreement with Corvex, Inc., where Corvex will become a wholly-owned subsidiary of Movano. The merger, expected to close in the first quarter of 2026, aims to position the combined company to capture demand for AI infrastructure at scale. Corvex stockholders will own approximately 96.2% of the combined entity, with Movano stockholders owning 3.8%. The merger includes significant equity financing, with Movano raising $3 million and Corvex raising $37.1 million. The merger will also see Movano’s name change to Corvex, Inc., and its headquarters move to Arlington, Virginia.

The most recent analyst rating on (MOVE) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Movano stock, see the MOVE Stock Forecast page.

Spark’s Take on MOVE Stock

According to Spark, TipRanks’ AI Analyst, MOVE is a Underperform.

Movano’s stock faces significant challenges primarily due to its weak financial performance, marked by negative profitability and cash flow issues. The technical analysis indicates a bearish trend with poor market momentum, and valuation metrics are unfavorably low. Overall, the stock needs substantial improvement in operational efficiency and market perception to enhance its attractiveness.

To see Spark’s full report on MOVE stock, click here.

More about Movano

Corvex is an AI cloud computing company specializing in GPU-accelerated infrastructure for AI workloads. It provides services such as AI Factories and GPU Clusters, Confidential Computing, and Inference-as-a-Service. Corvex aims to capture market share in the growing GPUaaS and AIaaS markets, anticipated to reach over $130 billion by 2030.

Average Trading Volume: 242,085

Technical Sentiment Signal: Sell

Current Market Cap: $3.98M

Learn more about MOVE stock on TipRanks’ Stock Analysis page.