Movano Completes Corvex Merger and Retains Nasdaq Listing

Movano ( (MOVE) ) has shared an update.

On March 19, 2026, Movano Inc. completed an all-stock merger with AI cloud computing specialist Corvex, Inc., with Corvex surviving as a wholly owned subsidiary and the combined company set to be renamed Corvex, Inc. effective March 23, 2026, while retaining the Nasdaq ticker MOVE. The transaction, which follows a prior agreement announced in November 2025, was structured to qualify as a tax reorganization and included the issuance of Series B, C and D preferred stock to Corvex securityholders, together representing substantial future common equity upon conversion.

The merger also bolstered the company’s balance sheet, lifting stockholders’ equity above Nasdaq’s $2.5 million minimum after Movano had been under a delisting notice since October 2025 and granted an extension to regain compliance by March 30, 2026. Governance and leadership are being reshaped, with Movano directors Michael Leabman and Shaheen Wirk resigning in mid-March 2026, Corvex co-founder Seth Demsey joining the board, and Corvex co-founder Jay Crystal slated to become CEO with John Mastrototaro as COO following the 2025 Form 10-K filing.

The board will consist of five staggered directors and has adopted a new director compensation policy tied to a 2026 equity incentive plan, signaling a more growth- and equity-focused governance framework. Preferred stock structures embed ownership caps and, for Series C and D, non-voting status and conversion contingent on stockholder approval, balancing capital formation with Nasdaq rules and limiting concentration of control.

In tandem with closing, the company declared a stock dividend of 0.358 share of common stock for each outstanding share to holders of record on March 30, 2026, to be distributed on April 6, 2026, adding to post-merger float. Operationally, the deal marks Corvex’s entry into the public markets as a pure-play AI infrastructure provider, offering investors exposure to the underlying compute and security layer of the AI ecosystem while preserving Nasdaq listing and setting up a dual–co-founder leadership model pending approvals at the 2026 stockholders’ meeting.

The most recent analyst rating on (MOVE) stock is a Sell with a $11.50 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 Neutral.

The score is primarily weighed down by very weak financial performance (heavy losses, negative gross margins, ongoing cash burn, and negative equity). Technicals are a partial offset due to strong momentum above major moving averages, though the very high RSI suggests the move is overextended. Valuation is constrained by negative earnings, and the recent corporate action adds funding flexibility but increases potential dilution risk.

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

More about Movano

Corvex, Inc., formerly Movano Inc., is an Arlington, Virginia-based AI cloud computing company focused on GPU-accelerated infrastructure for AI workloads. Its Amplified AI Cloud platform, AI factories and GPU clusters, and confidential computing capabilities target enterprises seeking secure, scalable and cost-efficient AI model training and inference, including HIPAA- and SOC 2-compliant deployments.

The company is developing Token Factory, a service designed to deliver premium open-source AI models via API on automatically scaling infrastructure, aiming to lower per-token inference costs with a proprietary engine. Corvex positions itself as a pure-play infrastructure partner for AI innovators, providing high-performance computing, storage and layered security in multi-tenant, single-tenant and on-premise environments.

Average Trading Volume: 1,037,086

Technical Sentiment Signal: Hold

For a thorough assessment of MOVE stock, go to TipRanks’ Stock Analysis page.