Movano shares surge 271.39% intraday as merger with Corvex creates AI infrastructure pure play.

Movano Inc. surged 271.39% intraday following the announcement of a definitive all-stock merger with Corvex, an AI cloud computing firm. The strategic combination positions the combined entity to capitalize on growing demand for secure AI infrastructure, with Movano shareholders gaining exposure to Corvex’s Amplified AI Cloud platform. The merger, valued at $6.25 per Movano share, includes $40 million in concurrent private placements and will rename the company to Corvex, Inc., led by Corvex’s management team. The transaction, approved by both boards, is expected to close in Q1 2026, subject to shareholder and regulatory approvals. The merger aligns with market optimism for AI infrastructure scalability, with Corvex’s GPU-accelerated solutions addressing key challenges in AI security and efficiency. Movano’s stock rally reflects investor enthusiasm for the new AI-focused pure-play platform and the potential for enhanced growth through the combined entity’s technological and operational synergies.