---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-058132"
form_type: "8-K"
ticker: null
cik: "0001823000"
company_name: "CONX Corp."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:48:56.216816+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CONX completes $26.75M property buy from EchoStar, issues $200M preferred, delists Nasdaq

## Summary
- Acquired Littleton, CO commercial real estate for $26.75M from EchoStar affiliate; triple-net leaseback with 10-year term at $228.5K/month.
- Issued 17.39M shares of Series A Convertible Preferred at $11.50/share to Charles Ergen family trust for $200M.
- Tender offer bought back 1.94M Class A shares at $10.598 each; 99% of Class A now held by nXgen and affiliates.
- Class B common converted to Class A; no shares outstanding. Stock no longer listed on Nasdaq; OTC listing application pending.
- Preferred stock mandatorily converts to Class A when VWAP >= $11.50 for 20 of 30 trading days; otherwise redeemable after 5 years at $11.50.

## SEC filing metadata
- accession: 0001104659-24-058132
- form_type: 8-K
- cik: 0001823000
- company_name: CONX Corp.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 5.06, 9.01, 3.02, 3.03, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823000/000110465924058132/0001104659-24-058132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823000/000110465924058132/tm2413693d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-058132
- JSON: https://secwatch.observer/filing/0001104659-24-058132.json
- Plain text: https://secwatch.observer/filing/0001104659-24-058132.txt

## Key facts
- Governance Changes
  CONX Corp.: Filed a Certificate of Designation setting forth terms of Preferred Stock (effective 2024-05-01).
  - Change: charter amendment
  - Effective: 2024-05-01
  source text: On May 1, 2024, the Company filed the Certificate of Designation with the Secretary of State of Nevada setting forth the terms, rights, obligations and preferences of the Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823000/000110465924058132/0001104659-24-058132-index.htm
- Governance Changes
  CONX Corp.: Company ceased being a shell company as a result of the Transaction.
  - Change: shell status
  source text: As a result of the Transaction, the Company ceased being a shell company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823000/000110465924058132/0001104659-24-058132-index.htm
- M&A Transactions
  CONX Corp. completed an acquisition involving EchoStar Real Estate Holding L.L.C. for $26.75 million (closed 2024-05-01).
  - Action: acquisition
  - Counterparty: EchoStar Real Estate Holding L.L.C.
  - Consideration: $26.75 million
  - Closing: 2024-05-01
  source text: On May 1, 2024 (the “Closing Date”), CONX Corp. (the “Company” or “CONX”), completed its previously announced purchase from EchoStar Real Estate Holding L.L.C. (“Seller”), a subsidiary of EchoStar Corporation (“EchoStar”), of that certain commercial real estate property (the “Property”) in Littleton, Colorado, comprising the corporate headquarters of DISH Wireless, for a purchase price of $26.75 million (the “Transaction”), pursuant to the terms of the purchase and sale agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823000/000110465924058132/0001104659-24-058132-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.