Corvex prices $33 million PIPE at $7.75 per share
Reuters2026/09/02 21:02- 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: 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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