Corvex (MOVE) Registration filing summary

Company overview and business model

• Operates as an AI cloud computing company specializing in GPU-accelerated infrastructure for AI workloads, offering secure, scalable, and cost-efficient computational resources for model training and inference.

• Provides managed GPU clusters, confidential computing, and is developing a Token Factory to optimize AI model inference costs.

• Targets industries with high security and compliance needs, including technology, healthcare, financial services, and government.

• Employs a direct sales model supported by strategic partnerships with hardware and software vendors, including NVIDIA.

Financial performance and metrics

• For the nine months ended September 30, 2025, reported $4.8 million in revenue and a net loss of $3.8 million.

• Incurred $22 million in Series Seed Preferred Stock financing and $37.1 million in SAFE financing through September 2025.

• Major customers accounted for 95% of revenue in the nine months ended September 30, 2025.

• As of September 30, 2025, had $2.7 million in cash and cash equivalents.

• Operating expenses are expected to increase as the company expands infrastructure and public company compliance.

Use of proceeds and capital allocation

• No proceeds will be received from the resale of shares by selling stockholders; proceeds from prior financings are allocated to infrastructure expansion and general corporate purposes.

• Plans to use future capital for scaling GPU capacity, expanding data center footprint, and supporting product development.