BRIEF-Corvex To Go Public In All-Stock Merger With Movano

Reuters11-10
BRIEF-Corvex To Go Public In All-Stock Merger With Movano

Nov 10 (Reuters) - Movano Inc MOVE.O:

  • CORVEX TO GO PUBLIC IN ALL-STOCK MERGER WITH MOVANO, CREATING A PURE-PLAY PLATFORM FOR SECURE AI INFRASTRUCTURE AND HIGH-PERFORMANCE INFERENCE

  • MOVANO INC - MERGER EXCHANGE RATIO BASED ON MOVANO PER SHARE VALUE OF $6.25

  • MOVANO INC - CORVEX AND MOVANO RAISE $40 MILLION FROM PRIVATE PLACEMENTS

  • MOVANO INC - CORVEX SHAREHOLDERS TO RECEIVE 46.6 MILLION SHARES OF MOVANO STOCK

  • MOVANO INC: ENTERED INTO A $1.0 BILLION EQUITY FACILITY WITH CHARDAN CAPITAL MARKETS LLC

Source text: ID:nPn5WsclLa

Further company coverage: MOVE.O

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