EDGAR·FLOW

Corvex, Inc. — Form S-1

Filed July 10, 2026 · analyzed by the Registration Agent
S-1 ▼ Likely negative significance 75/100
What the filing says
Corvex, Inc. (formerly Movano) filed an S-1 on July 10, 2026 to register 53.4M common shares for resale by selling stockholders, consisting of 24.5M shares already converted from Series A/B/C/D preferred stock and 28.9M shares convertible from outstanding Series D preferred stock (28,929.5944 shares at 1,000:1 ratio). The resale registration follows the company's March 19, 2026 acquisition of Corvex OpCo via merger, resulting in issuance of preferred stock to legacy Corvex shareholders. No proceeds go to the company; the company bears registration costs. As of July 8, 2026, the company had 27.6M common shares outstanding; if all 53.4M shares registered are sold, total outstanding would reach 56.6M shares (94% dilution from current base).
Why this rating

Massive secondary overhang—53.4M shares (94% of current float) eligible for resale; high near-term dilution risk and potential downward price pressure. Material for $5.3M-market-cap micro-cap.

Extracted items
View original filing on SEC.gov ↗ MOVE · stock on Yahoo Finance ↗

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