secwatch.observer — SEC 8-K summary
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Issuer:     CONX Corp. (—)
CIK:        0001823000
Form:       8-K
Filed at:   2026-06-01T12:56:34+00:00
Accession:  0001104659-26-068645
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CONX Corp. to merge with HC2 Broadcasting; $105M loan, EchoStar option for 80.1% of HC2
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- HC2 stockholders receive 25% of surviving entity; CONX gets 75% via Merger Sub interests.
- CONX commits $75M equity to HC2 post-closing; $105M bridge loan funded at 8% PIK, 1-year maturity.
- EchoStar can buy up to 80.1% of HC2 equity at fair value within 2 years.
- Closing conditions include FCC and HSR approvals; deadline Nov 29, 2026 with two extensions.
- Innovate (Seller) gets option to buy up to 15% of surviving entity at specified valuation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823000/000110465926068645/0001104659-26-068645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823000/000110465926068645/tm2616069d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-068645

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