Corvex prices $33 million PIPE at $7.75 per share

Reuters2026/09/02 21:02

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Corvex priced a $33 million private placement of common stock, Series D Preferred Stock.
Offering includes 4,258,000 shares of as-converted common restricted stock at USD 7.75 per share.
Deal led by Goldman Sachs, Morgan Stanley, Oppenheimer; expected to close around Sept. 2, 2026.
Proceeds earmarked for data center expansion, development of its Amplified AI Cloud platform.
Cash expected to rise to about USD 55 million on a pro forma basis from USD 22 million as of June 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corvex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-096776), on September 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Corvex prices $33 million PIPE at $7.75 per share

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