secwatch.observer — SEC 8-K summary
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Issuer:     Corvex, Inc. (MOVE)
CIK:        0001734750
Form:       8-K
Filed at:   2026-09-02T21:00:13+00:00
Accession:  0001213900-26-096776
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corvex expands data center capacity 5x to 8 MW, raises $33M in PIPE
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- Critical IT capacity to rise from ~1.5 MW to ~8 MW by end-2026; ROFR adds potential 12.5 MW (20+ MW total).
- $33M private placement (3.9M shares at $7.75 + Series D) led by Goldman Sachs, Morgan Stanley, Oppenheimer; closes Sept 2.
- Expansion adds ~3,000 GPUs across Mid-Atlantic and Midwest sites; both ready Q4 2026, revenue expected Q1 2027.
- Pro forma cash ~$55M vs $22M at June 30, 2026; proceeds fund capacity, Amplified AI Cloud, Token Factory, Assured AI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734750/000121390026096776/0001213900-26-096776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734750/000121390026096776/ea0304343-8k_corvex.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-096776

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer