secwatch.observer — SEC 8-K summary
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Issuer:     Corvex, Inc. (MOVE)
CIK:        0001734750
Form:       8-K
Filed at:   2026-07-07T21:10:57+00:00
Accession:  0001213900-26-076046
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 3.02, 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corvex appoints Seth Demsey co-CEO; preferred shares convert, common outstanding rises to 27.6M
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- Seth Demsey appointed co-CEO alongside Jay Crystal effective July 1, 2026, following stockholder approval.
- Stockholders approved conversion of Series C and D preferred into common; Series C auto-converted on July 7.
- Series D holders converted 4,752,244 shares of common; total common outstanding now 27,635,745.
- Remaining Series D convertible into 28,929,592 common shares; authorized Series D increased to 50,000 shares.
- Stockholders also approved 2026 Equity Incentive Plan and 2026 Employee Stock Purchase Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734750/000121390026076046/0001213900-26-076046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734750/000121390026076046/ea0297207-8k_corvex.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-076046

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