Apr. 1 at 8:38 PM
$CONX Conx announces tender offer to complete business combination
Conx announced that it has commenced a tender offer to purchase up to 2,120,269 of its shares of Class A common stock, par value
$0.0001 per share at a purchase price of
$10.585614 per share. The Purchase Price, which is a fixed amount, was determined by calculating the quotient obtained by dividing: (i) the aggregate amount expected to be on deposit in the company's trust account initially established to hold the proceeds of the initial public offering of Conx, as of two business days prior to the closing of the Transaction, including interest not previously released to Conx to pay its taxes, by (ii) the total number of then outstanding shares of Class A Common Stock held by public stockholders, upon the terms and subject to certain conditions described in the Offer to Purchase and in the related letter of transmittal. The Class A Common Stock is currently listed on the Nasdaq Stock Exchange under the symbol "CONX."