MOVE$6.82+9.57%
Corvex, Inc.
Sector: Services-Computer Processing & Data PreparationIndustry: Software - InfrastructureCountry: USExchange: Nasdaq
Mkt Cap:$215.03M
Float & O/S:20.52M / 31.55M
Inst Own:2.5%
DilutionScan read 47 of Corvex, Inc.'s SEC filings and found 8 warrant series, 4 convertibles, 2 ATM programs, 1 equity line, 4 shelf registrations, 3 S-1 registrations and 2 completed offerings on file for MOVE. The latest dilution event on file is ATM sales on Oct 14, 2026. Analysis updated Nov 1, 2026.
Signal8 Summary
MOVE
Going-concern warning from auditors
Snapshot
Corvex just pivoted from a wearable-health company (Movano) into AI data centers, and the numbers reflect a business still being built. FY 2025 revenue was only $433K, with a $18.3 million net loss and negative gross margin.
What's Happening Right Now
- : On Aug 31, 2026, Corvex announced plans to grow its data center power capacity fivefold to about 8 MW by year-end 2026, funded by a $33 million private placement.
- : Corvex's Q2 2026 report (Aug 14, 2026) showed $3.8 million in revenue, a $12.8 million net loss driven partly by merger-related stock compensation, and $21.7 million in cash.
- : On Aug 4, 2026, Corvex signed a multi-year deal to supply NVIDIA Blackwell GPUs and networking to an AI customer, funded by debt and prepayments rather than new equity.
- : An Aug 2, 2026 prospectus filing revealed a resale registration covering about 94% of shares outstanding from preferred stock conversions, and disclosed a going-concern warning from auditors alongside the 2025 net loss.
- : On June 16, 2026, Corvex appointed Chance Moreland, a former Morgan Stanley finance executive, as CFO to lead capital-raising efforts for its infrastructure buildout.
