#USA #Arlington #AI Infrastructure #Corvex #Movano

Corvex Completes All-Stock Merger with Movano

On March 19, 2026, Corvex Inc., a prominent player in the AI cloud computing sector, announced its successful all-stock merger with Movano Inc. This pivotal merger aligns with Corvex's strategic vision to penetrate public markets while addressing significant challenges within the AI landscape, specifically in scalability, efficiency, and security.

Leadership Transitions

Post-merger, Corvex will be overseen by Co-Chief Executive Officers Jay Crystal and Seth Demsey, both of whom are also the co-founders of the company. The combined entity will operate under the name Corvex, Inc., continuing to trade on the Nasdaq stock exchange using the ticker symbol MOVE. This merger showcases Corvex's commitment to becoming a leading infrastructure partner for AI workloads through its Amplified AI Cloud™ platform.

Financial Foundations

In preparation for this merger, Corvex collaborated with Movano to secure $40.2 million, earmarked for the expansion of its exclusive high-performance AI infrastructure. As demand for dependable and secure AI services grows, Corvex positions itself as a unique investment opportunity, focusing on the foundational technology driving AI innovations.

Dividend Announcement

In conjunction with the merger, Corvex has also declared a stock dividend. Shareholders holding Movano's common stock will receive 0.358 shares for each share owned as of March 30, 2026. This dividend will be distributed on April 6, 2026, marking a significant step toward rewarding investors as the new entity aims for continued growth and progression.

About Corvex

Corvex distinguishes itself in the competitive AI landscape through its focus on GPU-accelerated infrastructure, tailored for optimizing AI workloads. The company’s mission is to emerge as a trusted partner for organizations in need of robust infrastructure for AI model training and deployment. Its sophisticated platform offers a range of capabilities, including:

• - AI Factories and GPU Clusters: Corvex’s integrated data center solutions are tailored for large-scale AI workloads, enabling reliable and cost-efficient production training and inference. Configurations can be offered in managed Kubernetes or bare metal setups compliant with the Health Insurance Portability and Accountability Act (HIPAA).

• - Confidential Computing: With a focus on safeguarding customers’ intellectual property, Corvex’s confidential computing initiatives aim to enhance compliance with stringent data security requirements. Their patent-pending Corvex Secure Model Weights product allows for the secure deployment of AI inference workloads on third-party infrastructures, thus avoiding exposure of sensitive model data.

• - Token Factory: Currently under development, this product is designed to facilitate access to esteemed open-source AI models via simplified API integration, optimizing performance while minimizing inference costs.

Future Prospects

Corvex’s leadership anticipates that the merger will catalyze the company’s growth trajectory and enhance its standing in the AI infrastructure domain. Furthermore, stakeholders can look forward to the impending shareholder meeting, slated for May 2026, to vote on various corporate matters, including the conversion of preferred shares, ensuring future alignment and commitment to shareholder interests.

Conclusion

With this strategic merger, Corvex is poised to capitalize on its innovative AI architecture and meet the burgeoning demands for secure and efficient AI computing solutions. As it transitions and grows in its new form, industry observers will undoubtedly be watching closely as Corvex sets the pace for the future of AI infrastructure. For more information about Corvex, visit corvex.ai.