Corvex MOVE Notes Payable
Notes Payable at other companies
Other financials
Where this comes from
Reported directly by Corvex in its filing.
Tagged under the XBRL concept us-gaap:NotesAndLoansPayable.
The source filing: Corvex’s 10-Q, filed May 19, 2026.
- Filed
- May 19, 2026, 4:04 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001213900-26-058993
On August 6, 2025, the Company entered into a Loan Agreement and Promissory Note (the “Loan Agreement”) pursuant to which the Company obtained $1,500,000 in bridge financing (the “Bridge Loan”). In connection with the Bridge Loan, the Company entered into a Security Agreement and Intellectual Property Security Agreement pursuant to which the Company granted the lender a security interest in all of its assets, properties and rights, including its intellectual property rights. The Bridge Loan bears interest at a per annum rate equal to 12.0% and matures on November 3, 2025 (the “Maturity Date”). The Maturity Date may be extended by up to 60 days if the Company delivers evidence that it has entered into definitive documentation for a Qualifying Transaction (as defined in the Loan Agreement) prior to the Maturity Date. The Loan Agreement also includes a loan premium provision that would require the Company to pay an additional amount equal to double the then outstanding principal balance of the Bridge Loan upon the occurrence of certain triggering events.
Item 1. Financial Statements
FAQ
- What is Corvex's notes payable?
- Corvex (MOVE) reported notes payable of $1.5M in Q3 2025.
- What does notes payable mean?
- This represents formal debt obligations evidenced by written promissory notes, which may be short-term or long-term. It reflects the company's reliance on borrowed capital to fund operations or expansion.
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