AuditorApr 28, 2026, 05:07 PM
MOVE Changes Auditor to BDO USA, P.C. Post-Merger
AI Summary
Corvex, Inc. (MOVE) announced the dismissal of RBSM LLP as its independent registered public accounting firm and the engagement of BDO USA, P.C. for the fiscal year ending December 31, 2026. This change, approved by the Audit Committee on April 27, 2026, is in connection with the company's merger completed on March 19, 2026. RBSM's audit report for fiscal year 2025 included an explanatory paragraph about the company's ability to continue as a going concern, and material weaknesses in internal control over financial reporting were previously disclosed. There were no disagreements with RBSM on accounting matters, and BDO previously audited Corvex Legacy Holdings, Inc.
Key Highlights
- Corvex, Inc. dismissed RBSM LLP as its independent registered public accounting firm on April 27, 2026.
- BDO USA, P.C. was engaged as the new independent registered public accounting firm for fiscal year ending December 31, 2026.
- The change followed the merger between Corvex, Inc. (formerly Movano Inc.) and Corvex Legacy Holdings, Inc. on March 19, 2026.
- RBSM's audit report for FY2025 included an explanatory paragraph regarding the Company's ability to continue as a going concern.
- Material weaknesses in internal control over financial reporting were previously disclosed in the Company's Form 10-K for FY2025.
- There were no disagreements with RBSM on accounting principles or practices, financial statement disclosure, or auditing scope.
- BDO USA, P.C. previously served as the independent auditor for Corvex Legacy Holdings, Inc. prior to the merger.
Price Impact
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