Movano Stock Surges 308% on AI Infrastructure Merger with Corvex

Movano (MOVE) Stock Skyrockets Monday: What's Going On? - Movano (NASDAQ:MOVE)

Shares of Movano Inc (NASDAQ:MOVE) are surging Monday after the company announced a definitive all-stock merger with Corvex Inc., an AI cloud computing company specializing in GPU-accelerated infrastructure. Here's what investors need to know. MOVE stock is racing ahead of the pack. See what the experts say here. What To Know: Movano and Corvex announced a definitive agreement to combine in an all-stock transaction. The strategic combination will transform Movano into a pure-play platform focused on secure AI infrastructure and high-performance inference, positioning it to capture scaling demand in the AI sector. The merger exchange ratio is based on a Movano per-share value of $6.25. Upon closing, the combined company will be renamed "Corvex, Inc." and will be led by the Corvex management team. The companies also announced $40 million in aggregate concurrent private placement financing. Movano's legacy medical device operations, including the FDA-cleared EvieMED Ring, will be marketed for sale. Net proceeds from that sale, after satisfying certain obligations, may be distributed to pre-merger Movano shareholders. The transaction is expected to close in the first quarter of 2026. MOVE Price Action: Movano shares were up 308% at $19.22 at the time of publication on Monday, according to Benzinga Pro data. Read Also: Markets Cheer As Shutdown End Nears: These 15 Stocks Are Rallying How To Buy MOVE Stock Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in Movano's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. Image: Shutterstock MOVEMovano Inc$15.50225.0%Overview This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Movano stock soars after Corvex merger to create AI infrastructure firm By Investing.com

Investing.com -- Movano Inc. (NASDAQ:MOVE) stock soared 60% after the company announced a definitive agreement to merge with Corvex, Inc., an AI cloud computing company, in an all-stock transaction that will transform Movano into an AI infrastructure pure play. The strategic combination positions the merged entity to capitalize on growing demand for AI infrastructure at scale. Under the terms of the deal, the merger exchange ratio is based on a Movano per share value of $6.25, with Corvex shareholders set to receive 46.6 million shares of Movano stock after accounting for concurrent financings. Together, Movano and Corvex have raised an aggregate of $40 million through concurrent private placement financings to support the new venture. Following the merger, the combined company will be renamed "Corvex, Inc." with headquarters in Arlington, Virginia. The transaction will give Movano shareholders exposure to Corvex's Amplified AI Cloud platform, which addresses what the companies describe as the three defining challenges of the AI era - scale, efficiency, and security. Corvex specializes in GPU-accelerated infrastructure for AI workloads, offering services including AI factories, GPU clusters, confidential computing, and inference-as-a-service. Post-merger, Corvex's leadership team, including Co-CEOs Seth Demsey and Jay Crystal, will manage the combined company. The merger is expected to close in the first quarter of 2026, subject to shareholder approvals and other customary closing conditions. As part of the agreement, Movano will resume the process of marketing its medical device operations, including the FDA-cleared EvieMED Ring and its proprietary mmWave RF technology for cuffless blood pressure and noninvasive glucose monitoring. The transaction structure will result in pre-merger Corvex stockholders owning approximately 96.2% of the combined company, while pre-merger Movano stockholders will retain approximately 3.8%, subject to certain adjustments. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.