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SFO Alliance Appoints New CEO Amidst Rapid Expansion
ByAinvest
Monday, Nov 10, 2025 11:57 am ET1min read
Movano Inc. (NASDAQ: MOVE) shares surged 308% on Monday after the company announced a definitive all-stock merger with AI cloud computing firm Corvex Inc. The combined company will be renamed Corvex Inc. and will focus on secure AI infrastructure and high-performance inference. Movano's legacy medical device operations will continue to be marketed for sale, with net proceeds potentially distributed to pre-merger shareholders. The transaction is expected to close in Q1 2026.
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