Monitor for any Form 4 filings or prospectus supplements indicating actual sales by selling stockholders, which would signal the start of distribution. The overhang from the registered resale shares may pressure the stock until the selling process is substantially complete.
Price Chart
Executive Summary
The SEC declared effective Corvex's S-3 registration statement (File No. 333-299145) on October 2, 2026, enabling the resale of up to 4,258,068 shares of common stock by selling stockholders. This includes shares issued in a September 2, 2026 private placement and shares issuable upon conversion of Series D Preferred Stock. The effectiveness creates potential overhang as selling stockholders can now sell at market prices at any time.
Key Facts
- S-3 declared effective on October 2, 2026
- Up to 4,258,068 shares of common stock registered for resale by selling stockholders
- Includes 3,904,970 shares from a September 2, 2026 private placement
- Includes 353,098 shares issuable upon conversion of Series D Non-Voting Convertible Preferred Stock
- Selling stockholders may sell at prevailing market prices at their discretion
Financial Impact
Up to 4,258,068 shares registered for resale; potential dilution overhang of approximately 4.3 million shares
Risk Factors
- Selling stockholders may sell large blocks, creating downward price pressure
- Uncertainty around timing and volume of sales could weigh on sentiment
- Conversion of Series D Preferred adds additional potential dilution
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-003145 |
| Document: 9999999995-26-003145-index.html | 9999999995-26-003145 |
| Document: 9999999995-26-003145.txt | 9999999995-26-003145 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $8.41 $8.07 | ▲ +4.04% | ▲ +3.03% | $7.57 (+9.99%) |
Oct 14, 2026 12d ago | 424B5 | $8.41 $8.07 | ▲ +4.04% | ▲ +3.03% | $7.57 (+9.99%) |
Oct 5, 2026 21d ago | EFFECT | $11.35 $9.55 | ▲ +15.86% | ▲ +16.28% | $7.57 (+33.30%) |
Sep 30, 2026 26d ago | Press Release | $11.75 $10.00 | ▼ −14.89% | ▼ −16.81% | $7.57 (−35.57%) |
Sep 25, 2026 4w ago | S-3 | $11.24 $11.35 | ▼ −0.98% | ▲ +0.23% | $7.57 (+32.65%) |
Sep 17, 2026 5w ago | EFFECT | $10.11 $11.98 | ▲ +18.50% | ▲ +17.90% | $7.57 (−25.12%) |
Sep 2, 2026 7w ago | 8-K | $14.32 $11.13 | ▼ −22.28% | ▼ −21.13% | $7.57 (−47.14%) |
Aug 12, 2026 10w ago | Press Release | $11.15 $9.25 | ▼ −17.04% | ▼ −15.08% | $7.57 (−32.11%) |
Jul 1, 2026 16w ago | 3 | $17.37 $18.00 | ▲ +3.63% | ▲ +2.70% | $7.57 (−56.42%) |
Apr 28, 2026 25w ago | 8-K | $15.85 $13.45 | ▲ +15.14% | ▲ +18.25% | $7.57 (+52.24%) |
US Market Status
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