Corvex secures USD 33 million private placement at USD 7.75 per share

Reuters2026/08/31 11:45

By:Reuters

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Corvex priced a $33 million private placement of common stock and Series D Preferred Stock to fund data center expansion.
Deal issues 4,258,000 shares of as-converted common restricted stock at USD 7.75 per share, before fees and expenses.
Goldman Sachs, Morgan Stanley, Oppenheimer acting as joint lead placement agents; closing expected around Sept. 2, 2026.
Proceeds earmarked for scaling critical IT power capacity, development of Amplified AI Cloud platform, Token Factory, Assured AI.

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 PR Newswire (Ref. ID: 202608310745PR_NEWS_USPR_____PH36780) on August 31, 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 secures USD 33 million private placement at USD 7.75 per share

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