Corvex, Inc. 8-K

What Happened
Corvex, Inc. (formerly Movano Inc.) filed an 8-K (Item 4.01) stating that on April 27, 2026 its Audit Committee approved the dismissal of RBSM LLP as the company’s independent registered public accounting firm and engaged BDO USA, P.C. as the new independent auditor for the fiscal year ending December 31, 2026. The change follows the closing of a merger on March 19, 2026. RBSM’s audit report for the year ended December 31, 2025 contained no adverse opinion or disclaimer and was unmodified except for an explanatory paragraph about the company’s ability to continue as a going concern. RBSM was not the company’s auditor for 2024.

Key Details

• Auditor change effective: Audit Committee approved dismissal of RBSM and engagement of BDO on April 27, 2026.
• Prior reports: RBSM’s 2025 audit report included a going concern explanatory paragraph but no adverse/qualified opinion.
• Internal control issues: Company disclosed material weaknesses in internal control over financial reporting in its 2025 Form 10-K—noting insufficient personnel and deficiencies across COSO components (risk assessment, control activities including technology/general IT controls, information & communication, and monitoring).
• Communications: No disagreements with RBSM on accounting, disclosure, or audit scope during 2025 or the interim period; RBSM authorized to respond to BDO inquiries. RBSM’s letter dated April 28, 2026 is filed as Exhibit 16.1.

Why It Matters
A change in auditors after the merger is material because it affects audit continuity and may reflect integration steps following the corporate transaction. The prior auditor’s going concern note and the disclosed material weaknesses in internal controls signal heightened risks around financial reporting accuracy and the company’s liquidity/operations—items investors should monitor. BDO’s prior role as auditor for Corvex Legacy Holdings may ease the transition, and the absence of auditor disagreements reduces an immediate red flag, but remediation of the control weaknesses and any future audit findings will be important for investor confidence.