Corvex, Inc. entered into a Securities Purchase Agreement on August 31, 2026, for a private placement closing September 2, 2026. The company issued 3,904,970 shares of common stock at $7.75 per share and 353.098 shares of Series D Non-Voting Convertible Preferred Stock at $7,750.00 per share, generating approximately $33 million in gross proceeds. These funds will finance a data center expansion increasing critical IT capacity from 1.5 MW to 8 MW by year-end 2026 and support the development of its AI cloud platform. Corvex operates as an engineering-led AI computing platform specializing in secure, GPU-accelerated infrastructure for artificial intelligence workloads.
