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.
You may also like
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Dogecoin ETF Closure Sets October Exit for Bitwise BWOW Holders
Crypto prices
More
