secwatch.observer — SEC 8-K summary
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Issuer:     CONX Corp. (—)
CIK:        0001823000
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001104659-23-067654
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CONX Corp. extends business combination deadline to Nov 3, 2023; shareholders approve, $57.6M redeemed
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- Sponsor loan of up to $539,652.40 to fund extension from June 3 to Nov 3, 2023.
- Shareholders approved extension with 21,667,984 for, 4,000,434 against, 2 abstain.
- Holders of 5,650,122 Class A shares redeemed for ~$57.6M ($10.19/share) from trust account.
- Note bears no interest, repayable upon business combination or liquidation.
- Sponsor may convert up to $300,000 principal into warrants exercisable at $11.50/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823000/000110465923067654/0001104659-23-067654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823000/000110465923067654/tm2317649d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-067654

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer