CONX Corp.: Nasdaq/NYSE listing notice — CONX Corp. receives Nasdaq delisting notice; trading to suspend May 6, 2024

CONX Corp.

Nasdaq Panel granted exception from listing rule IM-5101-2 until April 29, 2024.
On May 2, 2024, Panel determined company did not meet initial listing requirements despite completing a business combination.
Trading of CONX securities will be suspended at open on May 6, 2024.
Company expects to request an appeal of the Panel's decision; no assurance of success.
Company has applied for quotation on OTC Markets operated by OTC Markets Group.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

CONX Corp. received a nasdaq delisting notice notice regarding other (rules IM-5101-2).

Exchange: nasdaq
Notice: delisting notice
Rules: IM-5101-2

Exact text from the filing

May 2, 2024, the Panel notified the Company of the Panel’s determination that, although the Company completed a business combination, Nasdaq Listing Qualifications Staff informed the Panel that as a result of the Company’s Market Value of Publicly Held Securities as of May 1, 2024, the transaction did not demonstrate compliance with Nasdaq’s initial listing requirements and therefore the Company did not comply with Nasdaq IM-5101-2. Trading of the Company’s securities on the Nasdaq will be suspended at the open of trading on May 6, 2024. The Company expects to request an appeal of the Panel’s

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Source: SEC EDGAR

accession 0001104659-24-056670

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