Corvid Logistics At risk No new money
Regional trucking and logistics · Loan + revenue share · $9.0M deployed · Last report Oct 8
Investor
Total Thorne capital in the company.
$9.0M
$7.0M loan + $2.0M revenue-share warrant
Outstanding principal including interest added to the loan (PIK). New, added by Your Cohort
$6.6M
Includes $0.19M of added interest
Annualized return on all cash in and out, with the open position at fair value. New, added by Your Cohort
−11.4%
Since April 2025
(Cash returned + fair value) ÷ capital deployed. New, added by Your Cohort
0.71x
Returned + current value ÷ invested
Revenue-share check
Company's number vs Thorne's calculation
Monthly
| September | Company says | Thorne calculates | Difference |
|---|---|---|---|
| Revenue counted | $2.00M | $2.00M | Matches |
| Revenue share due (2%) | $40.0k | $40.0k | Matches |
The company and Thorne count the same gross revenue. No true-up is needed.
Payments received
| Date | Expected | Received | Status |
|---|---|---|---|
| Oct 15 | $62k | $41k | Short $21k · partial payment |
| Sep 15 | $62k | $62k | Paid |
| Aug 15 | $62k | $62k | Paid |
Coming up
- Cash sweepNov 15$0, no excess cash
- Quarterly cash interestDec 31$0.21M
- Interest added to the loan (PIK)Accrues monthly$0.19M so far
New marks a measure Your Cohort adds to Thorne’s reporting · fictional companies and figures · thresholds are placeholders · select or hover any dotted label for its definition