Monitor Corvex's subsequent 10-Q filings for actual ATM usage and share count increases.
Price Chart
Executive Summary
Corvex, Inc. entered into an at-the-market (ATM) sales agreement with Chardan Capital Markets LLC to sell up to $250,000,000 of its common stock, with proceeds intended for working capital and general corporate purposes. The filing is a routine capital-raising mechanism, but its proximity to a concurrent 424B5 prospectus supplement (filed the same day) confirms the ATM program is immediately active and available for drawdown.
Key Financial Metrics
Key Facts
- Corvex entered into an ATM sales agreement with Chardan Capital Markets LLC on October 14, 2026.
- The ATM allows the sale of up to $250,000,000 in common stock at-the-market.
- Chardan will receive a 2.5% commission on gross proceeds from sales.
- Proceeds are for working capital and general corporate purposes.
- The ATM is registered under an effective S-3 shelf (File No. 333-298769) declared effective September 16, 2026.
- A 424B5 prospectus supplement was filed the same day, confirming the ATM is immediately available.
- The stock closed at $9.15 on October 13, 2026, the day before the filing.
Financial Impact
Up to $250,000,000 in potential dilution from common stock sales at market prices.
Risk Factors
- Dilution from ATM sales could pressure the stock price.
- Proceeds used for working capital may indicate cash burn without a clear catalyst for value creation.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-109462 |
| Document: ea0308409-8k_corvex.htm | 0001213900-26-109462 |
| Document: ea030840901ex5-1.htm | 0001213900-26-109462 |
| Document: 0001213900-26-109462-index-headers.html | 0001213900-26-109462 |
| Document: 0001213900-26-109462-index.html | 0001213900-26-109462 |
| Document: 0001213900-26-109462.txt | 0001213900-26-109462 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $8.41 $8.07 | ▲ +4.04% | ▲ +3.03% | $7.31 (+13.06%) |
Oct 14, 2026 12d ago | 424B5 | $8.41 $8.07 | ▲ +4.04% | ▲ +3.03% | $7.31 (+13.06%) |
Oct 5, 2026 22d ago | EFFECT | $11.35 $9.55 | ▲ +15.86% | ▲ +16.28% | $7.31 (+35.58%) |
Sep 30, 2026 27d ago | Press Release | $11.75 $10.00 | ▼ −14.89% | ▼ −16.81% | $7.31 (−37.78%) |
Sep 25, 2026 4w ago | S-3 | $11.24 $11.35 | ▼ −0.98% | ▲ +0.23% | $7.31 (+34.95%) |
Sep 17, 2026 5w ago | EFFECT | $10.11 $11.98 | ▲ +18.50% | ▲ +17.90% | $7.31 (−27.68%) |
Sep 2, 2026 7w ago | 8-K | $14.32 $11.13 | ▼ −22.28% | ▼ −21.13% | $7.31 (−48.94%) |
Aug 12, 2026 10w ago | Press Release | $11.15 $9.25 | ▼ −17.04% | ▼ −15.08% | $7.31 (−34.43%) |
Jul 1, 2026 16w ago | 3 | $17.37 $18.00 | ▲ +3.63% | ▲ +2.70% | $7.31 (−57.91%) |
Apr 28, 2026 25w ago | 8-K | $15.85 $13.45 | ▲ +15.14% | ▲ +18.25% | $7.31 (+53.87%) |
US Market Status
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