Movano shares surge 154.51% after-hours as merger with Corvex creates AI infrastructure platform.

Movano Inc. (MOVE) surged 154.51% in after-hours trading following the announcement of a definitive all-stock merger with Corvex Inc., an AI cloud infrastructure firm. The transaction, valuing Movano shares at $6.25 each, combines Movano’s platform with Corvex’s GPU-accelerated AI infrastructure to create a pure-play entity targeting the high-performance computing market. The deal, supported by $40 million in private financing, positions the merged entity to capitalize on surging AI demand, with Corvex shareholders set to own 96.2% of the new company. Multiple news reports highlighted the strategic rationale, including the potential to address AI scalability and security challenges, while recent filings and market analysis underscored the transaction’s bullish implications for Movano’s stock. The after-hours jump aligns with pre-merger volatility but reflects strong investor optimism about the combined entity’s growth prospects in the AI infrastructure sector.