Movano shares surge 183.23% premarket after announcing all-stock merger with Corvex to create AI infrastructure platform.

Movano Inc. (NASDAQ: MOVE) surged 183.23% in premarket trading following the announcement of an all-stock merger with AI cloud infrastructure firm Corvex Inc. The strategic combination, valued at $6.25 per Movano share, creates a publicly traded entity focused on secure AI infrastructure and high-performance computing. The deal positions the merged company to capitalize on growing global demand for scalable, efficient, and secure AI solutions, with Corvex shareholders set to own 96.2% of the combined entity. Movano shareholders gain exposure to Corvex’s Amplified AI Cloud platform, which targets the three key challenges of the AI era—scale, efficiency, and security. The merger, expected to close in early 2026, also includes $40 million in concurrent private financing, bolstering investor confidence in the new entity’s growth potential.