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Movano Stock Skyrockets After Announcing Definitive All-Stock Merger with Corvex
ByAinvest
Monday, Nov 10, 2025 11:57 am ET1min read
Movano Inc (NASDAQ:MOVE) shares surged 308% on Monday after announcing a definitive all-stock merger with Corvex Inc, a company specializing in GPU-accelerated infrastructure. The combined company will be renamed "Corvex, Inc." and will be led by the Corvex management team. Movano's legacy medical device operations will be marketed for sale, with net proceeds distributed to pre-merger Movano shareholders. The transaction is expected to close in Q1 2026.
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