secwatch.observer — SEC 8-K summary
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Issuer:     CONX Corp. (—)
CIK:        0001823000
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001104659-23-115776
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
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 May 2024, secures $550k sponsor note; ~$6.3M in redemptions
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- Shareholders approved extension of business combination deadline from Nov 3, 2023 to May 3, 2024.
- 607,993 shares redeemed for approx. $6.3M ($10.42/share) from trust account.
- Amended promissory note with sponsor nXgen Opportunities increased principal from $250k to $550k, non-interest bearing.
- Note matures at earlier of business combination or liquidation; proceeds for working capital, repaid outside trust.
- Over 96% of outstanding shares voted in favor of extension; quorum of 2,728,262 shares present.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823000/000110465923115776/0001104659-23-115776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823000/000110465923115776/tm2329919d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115776

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