---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-120161"
form_type: "8-K"
ticker: null
cik: "0001823000"
company_name: "CONX Corp."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:11:13.897516+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CONX Corp. completes $43.5M PIPE investment in EchoStar at $28.04/share

## Summary
- CONX purchased 1,551,355 EchoStar shares for ~$43.5M at $28.04/share, the Sep 27, 2024 closing price.
- Total PIPE investors bought 14.265M shares for ~$400M; per-share price equal to EchoStar's Sep 27 closing price.
- Charles Ergen controls both CONX (as chairman) and EchoStar, making the investment a related-party transaction.
- Subscription agreement filed as Exhibit 10.1; previously disclosed in CONX's Sep 30, 2024 8-K.

## SEC filing metadata
- accession: 0001104659-24-120161
- form_type: 8-K
- cik: 0001823000
- company_name: CONX Corp.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823000/000110465924120161/0001104659-24-120161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823000/000110465924120161/tm2428690d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-120161
- JSON: https://secwatch.observer/filing/0001104659-24-120161.json
- Plain text: https://secwatch.observer/filing/0001104659-24-120161.txt

## Key facts
- M&A Transactions
  CONX Corp. completed an acquisition involving EchoStar Corporation for approximately $43.5 million (closed 2024-11-12).
  - Action: acquisition
  - Counterparty: EchoStar Corporation
  - Consideration: approximately $43.5 million
  - Closing: 2024-11-12
  source text: pursuant to its Subscription Agreement represents an acquisition of 1,551,355 shares of EchoStar’s Class A common stock for a total cash purchase price of approximately $43.5 million. Mr. Ergen is the chairman and a member of the Board of Directors of the Company and controls the Company. The foregoing description of the PIPE Investment does not purport to be
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823000/000110465924120161/0001104659-24-120161-index.htm

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