secwatch.observer — SEC 8-K summary
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Issuer:     CONX Corp. (—)
CIK:        0001823000
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001104659-24-055921
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CONX Corp. completes initial business combination, acquires DISH Wireless HQ for $26.75M
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- Purchased commercial real estate property in Littleton, CO from EchoStar for $26.75M; entered into sale-leaseback.
- Sale-leaseback rent starts at $228,500/month, escalates 2% annually; CONX assumes roof/shell/core maintenance.
- Issued 17,391,300 Series A Convertible Preferred shares at $11.50/share for ~$200M to Charles Ergen.
- Repaid $900K promissory note and $1.17M + $0.54M extension notes to sponsor nXgen Opportunities.
- Mandatory unit separation May 2, 2024; units (CONXU) delist, common (CONX) and warrants (CONXW) stay listed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823000/000110465924055921/0001104659-24-055921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823000/000110465924055921/tm2413207d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-055921

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