Mergers & Acquisitions ·
Corvex completes acquisition of Corvex Legacy Holdings for $581.96 million in shares and equity awards
MOVECorvex, Inc.
On March 19, 2026, Corvex, Inc., formerly Movano Inc., completed its acquisition of Corvex Legacy Holdings, Inc. The estimated purchase price was $581,955 thousand, recorded as Payment Shares and replacement equity awards. The transaction generated $519,318 thousand in goodwill and identified intangible assets including customer relationships valued at $5,190 thousand and trade names at $10,210 thousand. Pro forma financial statements for the six months ended June 30, 2026, show combined revenue of $4,312 thousand and a net loss attributable to common stockholders of $26,310 thousand. For the year ended December 31, 2025, pro forma revenue was $7,535 thousand with a net loss of $67,546 thousand. The company operates in the technology and healthcare sectors.