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Corvex (MOVE) investor relations material
Corvex Registration filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates as an AI cloud computing platform focused on GPU-accelerated infrastructure for AI workloads, offering secure, scalable, and cost-efficient solutions for AI training and inference.
Provides AI Factories, GPU Clusters, confidential computing (including a patent-pending secure model weights product), and is developing Token Factory for API-based access to open-source AI models.
Completed a merger in March 2026, acquiring Corvex Legacy Holdings, Inc., and rebranded as Corvex, Inc.
Financial performance and metrics
Reported net loss attributed to common stockholders of $18.3 million for 2025 and $23.7 million for 2024 (as adjusted for the stock dividend).
Weighted average shares used in computing net loss per share were 1,141,699 for 2025 and 817,970 for 2024 (as adjusted).
Use of proceeds and capital allocation
Will not receive any proceeds from the resale of shares by selling stockholders; proceeds go directly to selling stockholders.
Company bears registration and listing costs, while selling stockholders pay commissions and certain legal expenses.
- All proposals, including board expansion and stock plans, were approved as the company pivots to AI.MOVE
AGM 20261 Jul 2026 - Shareholders to approve director elections, share issuances, equity plans, and auditor after a major merger.MOVE
Proxy filing5 Jun 2026 - Proxy seeks approval for merger-related equity, new plans, and board elections, with full board support.MOVE
Proxy filing28 May 2026 - Q1 2026 revenue rose 148% to $510K, with pro forma revenue at $3.7M after the AI-focused merger.MOVE
Q1 202619 May 2026 - Merger completed, AI focus established, healthcare sales paused, FY2025 net loss $18.3M on $0.4M revenue.MOVE
Q4 202519 May 2026 - 2024 revenue grew to $1.0M, but ongoing losses and cash needs raise going concern risks.MOVE
Q4 202419 May 2026 - Corvex's merger creates a leading AI cloud platform, with shareholders owning 95% of the new entity.MOVE
Registration filing19 May 2026 - AI cloud merger enables $1B equity facility, positioning for growth amid high risk.MOVE
Registration filing19 May 2026 - Annual meeting seeks approval for merger-related share issuances, new equity plans, and auditor ratification.MOVE
Proxy filing19 May 2026
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