secwatch.observer — SEC 8-K summary
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Issuer:     CONX Corp. (—)
CIK:        0001823000
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0001104659-24-120161
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823000/000110465924120161/0001104659-24-120161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823000/000110465924120161/tm2428690d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-120161

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