Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CONX Corp. incurred loan of up to $539,652.40 with nXgen Opportunities, LLC at The Note bears no interest maturing upon the earlier of (a) the consummation of the Company’s initial business combination, or (b) the date of the liquidation of the Company.
- Instrument
- loan
- Principal
- up to $539,652.40
- Counterparty
- nXgen Opportunities, LLC
- Rate
- The Note bears no interest
- Maturity
- upon the earlier of (a) the consummation of the Company’s initial business combination, or (b) the date of the liquidation of the Company
- Event
- incurrence
Exact text from the filing
issued a promissory note (the “Note”) in the principal amount of up to $539,652.40 to nXgen Opportunities, LLC, a Colorado limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to loan the Company up to $539,652.40
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
CONX Corp.: Extended the deadline for the company to consummate an initial business combination from June 3, 2023 to November 3, 2023 (effective 2023-06-02).
- Change
- charter amendment
- Effective
- 2023-06-02
Exact text from the filing
On June 2, 2023, the Company filed an amendment (the “Extension Amendment”) to the Company’s Amended and Restated Articles of Incorporation (the “Amended and Restated Articles”) with the Secretary of State of the State of Nevada. The Extension Amendment extends the date by which the Company must consummate its initial business combination from June 3, 2023 to November 3, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CONX Corp. entered into Note with nXgen Opportunities, LLC (the "Sponsor") valued at up to $539,652.40 (effective 2023-06-02).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- nXgen Opportunities, LLC (the "Sponsor")
- Value
- up to $539,652.40
- Effective
- 2023-06-02
Exact text from the filing
On June 2, 2023, CONX Corp., a Nevada corporation (the "Company"), issued a promissory note (the "Note") in the principal amount of up to $539,652.40 to nXgen Opportunities, LLC, a Colorado limited liability company (the "Sponsor"), pursuant to which the Sponsor agreed to loan the Company up to $539,652.40 in connection with the extension of the Company’s time to consummate a business combination from June 3, 2023 to November 3, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
CONX Corp. shareholders approved Amend the Amended and Restated Articles to extend the date by which the Company must consummate a business combination from June 3, 2023 to November 3, 2023 (the Extension Amendment Proposal) at the 2023-06-01 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-06-01
Exact text from the filing
On June 1, 2023, the Company convened a special meeting of stockholders (the “Special Meeting”). At the close of business on the record date of the Special Meeting, there were 8,378,384 shares of Class A common stock (of which 30,000 shares were owned by our three independent directors) and 18,750,000 shares of Class B common stock outstanding (collectively, the “Common Stock”), each of which was entitled to one vote with respect to the Extension Amendment Proposal (as defined below). A total of 25,668,420 shares of Common Stock, representing approximately 94.62% of the outstanding shares of Common Stock entitled to vote at the Special Meeting, were present in person or by proxy, constituting a quorum. The proposal listed below is described in more detail in the Company’s definitive proxy statement, which was filed with the Securities and Exchange Commission on May 9, 2023. The stockholders of the Company voted on a proposal to amend the Amended and Restated Articles to extend the date
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