secwatch.observer — SEC 8-K summary
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Issuer:     CONX Corp. (—)
CIK:        0001823000
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001104659-24-032710
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CONX Corp. agrees to acquire EchoStar's Littleton property for $26.75M as initial business combination
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- Purchase price $26.75M for DISH Wireless HQ; closing expected Q2 2024, may be terminated if not closed by May 15, 2024.
- SPAC business combination structure triggers shareholder redemption tender offer for Class A shares.
- Concurrent 10-year sale-leaseback at $228,500/month base rent, 2% annual escalation, guaranteed by DISH Network.
- Contingent $200M Preferred Stock Financing ($11.50/sh) from Charles Ergen to close with the transaction.
- Due diligence and option to terminate through April 15, 2024; final price may adjust per appraisal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823000/000110465924032710/0001104659-24-032710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823000/000110465924032710/tm248321d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-032710

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