Reddit Posts
CONX is Going to Pop... I Have a Gut Feeling. 91 Institutional Investors in the Past 5 Weeks!
Ready to launch Space SPACS - CONX, HOL, NPA, NVSA, SFTW, SRAC, VACQ, ZNTE
DD/Speculation on $CONX: No website, no PR, no volume, no hype, $750M trust, and now trading below NAV.
Mentions
Easy…CONX ‘s market cap is currently somewhere around $1B….DISH is estimated to be worth around 3Xs that. A merger announcement would be huge for warrant values.
Anyone else holding a fairly large position on a despac that will probably end poorly but every day you just hope it turns to gold? I’ll go first: I have a slew of CONX warrants….DISH is going to go public anytime…..Right guys?
TGAA filing a [DEF 14](https://www.sec.gov/Archives/edgar/data/1847355/000119312524162718/d806803ddef14a.htm) announcing an extension vote June 26. Normally not a big deal but voting for proposal no 1 includes: > amend, by way of special resolution, the Company’s Articles to eliminate the requirement to make monthly cash deposits to the Trust Account That's probably because they'd like to ultimately extend until June 9 *2025,* which is six months after the Dec 9 2024 date, but only into 2025 if they possess an LOI or DA. Speaking of which: > The Company is currently in negotiations with the Prospective Target and the execution of a business combination agreement is subject to several conditions, including the completion of due diligence and the negotiation and preparation of documentation. TGAA anticipates entering into a definitive business agreement with the Prospective Target Said target is a mystery AI robotics company that presents a compelling business investment. Could TGAA be challenging CONX for the longest time between IPO and DA?
"[The Company anticipates to grow through acquisition opportunities](https://www.prnewswire.com/news-releases/conx-corp-announces-closing-of-initial-business-combination-302133828.html#:~:text=The%20Company%20anticipates%20to%20grow%20through%20acquisition%20opportunities), including, but not limited to, disruptive technologies and infrastructure assets to maximize the Company's ability to drive shareholder value. Jason Kiser, CONX CEO, will continue to lead the Company through its next phase of growth." Guess it depends on what they do with that $200 million. If they buy more office buildings, or buy DISH.
CONX is now [CNXX](https://www.otcmarkets.com/stock/CNXX/overview) and [CNXXW](https://www.otcmarkets.com/stock/CNXXW/overview) on the OTC Pink sheets; $5 for CNXX and ten cents for the warrants, latest sale prices. They have $200 million in cash, from selling 17,391,300 shares of the Company’s Series A Convertible Preferred Stock to Charles W. Ergen when the transaction closed, with about 36 million shares outstanding ( including the preferred ).
what exactly is the deal with CONX? it appears i should’ve just sold my warrants instead of holding out hope of some sort of better result than that idiotic deal also CSTA i’m convinced you will never DA at this point my last two stupid warrants thank god
CONX is now under CNXX, down to 9.20 after. This may not make the list I have to investigate it; they merged and went on the OTC market, which is weird in of itself, but I thought I would include it. Also MCAF I need to investigate , CH auto Technology, can't seem to get the new ticker.
CONX Corp securities were delisted by NASDAQ, listed on OTC Pink now as [CNXX](https://www.otcmarkets.com/stock/CNXX/overview) and [CNXXW](https://www.otcmarkets.com/stock/CNXXW/overview)
Maybe not. They will likely go to OTC for now. If CONX uses that $200 million to buy DISH, and converts the Class B and preferred shares to Class A, then CONX could uplist back to NASDAQ,
[CONX Corp Securities to Be Suspended by NASDAQ on May 6, 2024 Pending Delisting, CONX to Apply to OTC](https://www.sec.gov/Archives/edgar/data/1823000/000110465924056670/tm2413207d2_8k.htm) \- CONX CONXW "On May 2, 2024, the Panel notified the Company of the Panel’s determination that, although the Company completed a business combination, Nasdaq Listing Qualifications Staff informed the Panel that as a result of the Company’s Market Value of Publicly Held Securities as of May 1, 2024, the transaction did not demonstrate compliance with Nasdaq’s initial listing requirements and therefore the Company did not comply with Nasdaq IM-5101-2. Trading of the Company’s securities on the Nasdaq will be suspended at the open of trading on May 6, 2024. The Company expects to request an appeal of the Panel’s decision. There is no assurance that such appeal, if requested, would be successful and such appeal would not stay Nasdaq’s delisting decision or suspension of trading. The Company has applied for its securities to be quoted on an over-the-counter market operated by the OTC Markets Group, Inc." Since CONX did not issue ant new shares as part of the business combination, CONX only has about 148,585 public shares. They have 18,750,000 shares of Class B stock ( sponsor shares ), normally that would convert to Class A common stock in a business combination, but since there was no shareholder vote, don't think that happened. CONX sold 17,391,300 shares of the Company’s Series A Convertible Preferred Stock for $200 million to Charles W. Ergen when the transaction closed.
Repost for those who missed this last night: [CONX Corp. Announces Closing of Initial Business Combination](https://www.prnewswire.com/news-releases/conx-corp-announces-closing-of-initial-business-combination-302133828.html) \- CONX CONXW " Pursuant to the terms of the Purchase Agreement, the Company purchased from Seller the 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"). The Transaction constitutes the Company's initial business combination." "[Based upon information provided by Continental Stock Transfer & Trust Company](https://www.prnewswire.com/news-releases/conx-corp-announces-final-tender-offer-results-302130776.html#:~:text=Based%20upon%20information%20provided%20by%20Continental%20Stock%20Transfer%20%26%20Trust%20Company), the depositary for the Tender Offer, a total of 1,941,684 shares of Class A Common Stock were validly tendered and not properly withdrawn prior to the Expiration Date." 2,090,269 public shares were left after redemptions [at the November extension meeting](https://new.reddit.com/r/Spacstocks/comments/17r0zf0/conx_corp_shareholders_approve_extension_from/). That leaves 148,585 public CONX shares. "Mandatory Unit Separation On or about May 2, 2024, the Company's units, which trade with the ticker symbol "CONXU" will be mandatorily separated and the units will no longer trade on the Nasdaq Capital Market. Each unit is comprised of one share of the Company's Class A common stock and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at price of $11.50 per share. In the separation, unit owners will receive the number of shares of Class A common stock and warrants underlying such units. This is a mandatory and automatic separation, and no action is required by the holders of units."
[CONX Corp. Announces Closing of Initial Business Combination](https://www.prnewswire.com/news-releases/conx-corp-announces-closing-of-initial-business-combination-302133828.html) \- CONX CONXW " Pursuant to the terms of the Purchase Agreement, the Company purchased from Seller the 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"). **The Transaction constitutes the Company's initial business combination**." "[Based upon information provided by Continental Stock Transfer & Trust Company](https://www.prnewswire.com/news-releases/conx-corp-announces-final-tender-offer-results-302130776.html#:~:text=Based%20upon%20information%20provided%20by%20Continental%20Stock%20Transfer%20%26%20Trust%20Company), the depositary for the Tender Offer, a total of 1,941,684 shares of Class A Common Stock were validly tendered and not properly withdrawn prior to the Expiration Date." 2,090,269 public shares were left after redemptions [at the November extension meeting](https://new.reddit.com/r/Spacstocks/comments/17r0zf0/conx_corp_shareholders_approve_extension_from/). That leaves 148,585 public CONX shares. "Mandatory Unit Separation On or about May 2, 2024, the Company's units, which trade with the ticker symbol "CONXU" will be mandatorily separated and the units will no longer trade on the Nasdaq Capital Market. Each unit is comprised of one share of the Company's Class A common stock and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at price of $11.50 per share. In the separation, unit owners will receive the number of shares of Class A common stock and warrants underlying such units. This is a mandatory and automatic separation, and no action is required by the holders of units."
[CONX Corp. Announces Final Tender Offer Results](https://www.prnewswire.com/news-releases/conx-corp-announces-final-tender-offer-results-302130776.html) \- CONX CONXW
even when the markets closed: i dislike you CONX and CSTA
Ahhh good old CONX fucked every one!
I was disappointed and confused with CONX’s announcement….but with how the warrants are holding price, I’m going to be crushed if there’s no further news soon. If you’re going to hurt me, just get it over with already.
CONX DA yesterday [congrats mouse man](https://www.reddit.com/r/SPACs/comments/1bbx4p9/comment/kucwbnf/?utm_source=share&utm_medium=web2x&context=3)
So in simple terms, how screwed am I from a scale of 1 to 10 with a median costs basis of .67 for CONX warrants? After holding this long (since the beginning), this news was pretty crushing.
[CONX Corp and EchoStar Real Estate Holding L.L.C., a subsidiary of EchoStar Corporation Enter into a Definitive Purchase and Sale Agreement of Commercial Real Estate Property Comprising the Corporate Headquarters of DISH Wireless for a Purchase Price of $26.75 million](https://www.sec.gov/Archives/edgar/data/1823000/000110465924032710/tm248321d1_8k.htm) \- CONX CONXW
Any reason CONX warrants are up almost 40%? I had an order to buy at .16 like every other day and was surprised it didn’t fill. Announcement incoming?
I’m a simple man…I hear some good SPAC news like Webull, I buy more CONX warrants. Someone mentions a successful deSPAC, I buy more CONX warrants. Someone even mentions CONX, I buy more warrants. I just feel like I’m ready to be hurt again.
I’m in the same boat. I don’t even hold that many yet here I come day to day to see if any news comes out. I just know as soon as I sell CONX will pull a HYLN…
hey guys i’m beginning to think i should’ve just sold my CONX warrants last year
another week….another nothing for CSTA and CONX
i WANT to eat the 50% loss on CONX but i literally know the second i do it will DA and double if they actually snag boost
I need CONX to do something big before the end of the year or I’m going to have quite the awkward chat with my tax attorney about multi-year loss claims. Some bad breaks this year.
well i got BFAC, BMAC, CONX and CSTA left for pre DA. my saga is burning money on warrants is almost over. not adding any tickers ever again but doubled down on CSTA to bring my average way low after seeing GPAC get their DA. still holding onto some GPAC warrants after selling majority but ummm given who they’re merging with does it even make sense? it’s a pre revenue company but lithium is fairly hot/if they actually do merge the warrants might get a bump up?
think i’m gonna bail on my GPAC warrants and eat the 60% loss. it’s better than 100%. maybe i’ll save a few just in case anyone know why CONX is back in the 0.30s? i couldn’t find any news i’ll say it again, CSTA was bought by the same group that bought GPAC i believe
also why is CONX up so much again?
Chu. you failed me. glad i never averaged down recently i guess. my bag of warrants continues to shrink until it’s 15 years later and CONX is still extending
CONX, Corp ( CONX CONXW )[released 8-K this morning](https://www.sec.gov/Archives/edgar/data/1823000/000110465923113573/tm2329322d3_8k.htm) ahead of extension vote tomorrow. "Holders of 2,262,993 shares of the Company’s Class A common stock have elected to have their shares redeemed in connection with the Extension, resulting in approximately $23.5 million (approximately $10.39 per share) that would be removed from the Company’s Trust Account to pay such redeeming holders." ( Redemption reversals allowed through tomorrow ) "Class A common stock [subject to possible redemption](https://www.sec.gov/Archives/edgar/data/1823000/000110465923089345/conxu-20230630x10q.htm#:~:text=Class%20A%20common%20stock%20subject%20to%20possible%20redemption%2C%202%2C698%2C262%20shares%20at%20redemption%20value%20of%20%2410.23%20per%20share%20at%20June%2030%2C%202023), 2,698,262 shares at June 30, 2023" That leaves 435,269 public shares.
Last Friday, CONX Corp ( CONX CONXW ) [postponed the meeting](https://www.sec.gov/Archives/edgar/data/1823000/000110465923112233/tm2329322d2_defa14a.htm#:~:text=On%20October%C2%A027%2C%202023%2C%20the%20Company%20postponed%20the%20Extension%20Meeting) ( to vote to extend from November 3, 2023 to May 3, 2024 ) originally scheduled for today until November 3. Today CONX [released an 8-K](https://www.sec.gov/Archives/edgar/data/1823000/000110465923113286/tm2329481d1_8k.htm), which says that: 1). Charles W. Ergen, the Company’s founder, has agreed to purchase $200 million worth of preferred shares at $11.50 per share, subject to the company closing a business combination. 2). On October 30, 2023, NASDAQ sent CONX a notice that they would delist the securities of CONX on November 8, due to CONX not completing a business combination within 36 moths of the IPO. CONX "intends to request a hearing before an independent hearings panel, which request would result in a stay of any suspension or delisting action pending the hearing.". Don't know if the $200 million subscription agreement means the DISH network deal might be happening or not. CONXW up about 100% to 17 cents on the news.
HTH is CONX only $10.35, are they investing the trust in 1987 Topps baseball cards?
That's amazing. CONX and PRPC are like the zombies that cant be killed.
$CONX just did a filing today to extend until May, 2024. What has it been, 3 years now?? Fish or cut bait god damn it.
[CONX Corp Schedules November 1, 2023 Shareholder Meeting to Vote to Extend from November 3, 2023 to May 3, 2024](https://www.sec.gov/Archives/edgar/data/1823000/000110465923108699/tm2327134-2_def14a.htm) \- CONX CONXW CONX says they are still negotiating a possible DISH network deal. "The Company remains in discussions with DISH Network Corp. (“DISH”) regarding a potential transaction (which we refer to as the “Transaction”). The Company expects to announce additional details regarding the potential business combination if and when a definitive agreement is executed."
so ummm PRPC or CONX….any day now
CONX and PRPC do something you coward. GPAC already screwed me, finish the job
True. I'm just giving shit on $CONX. I remember holding in like 2021 when I thought they were gonna get a DA "soon". Would have been a hell of a hold.
Them $CONX ones about to be immortalized in the liquidation exhibition.
CONX DO SOMETHING DAMN IT i don’t even give a shit what it is anymore
seriously. i still got like 7 or 8 pre da warrants i need GPAC, PRPC, CONX all to get me atleast something. the rest are tiny bets
haven’t even checked my spacfolio in weeks cause well, no point unless DA or liquidation CONX and PRPC you’re gonna torture me forever aren’t you
it truly is versus CONX which is the hey we swear we are going DA with the same company we’ve been saying for years or PRPC which is just straight up a mystery still
yeah im sitting at like 44 cents on CONX. oof. if CFIV stays under 7 cents tomorrow i think i’m gonna hop in
Sounds like CONX is getting close to announcing a deal to buy Boost Mobile from Dish. From October 2022: https://www.reuters.com/markets/deals/dish-network-chairman-backed-spac-talks-buy-wireless-business-unit-2022-10-13/ From 10 days ago extension filing : "The Company remains in discussions with DISH Network Corp. (“DISH”) regarding a potential transaction (which we refer to as the “Transaction”). The Company expects to announce additional details regarding the potential business combination if and when a definitive agreement is executed." https://www.sec.gov/Archives/edgar/data/1823000/000110465923053055/tm2313915-1_pre14a.htm (Why file for extension if you wont announce a deal?)
CONX needs to just end this already, i’ve had warrants for literally years
uhhhhh wtf is it called ugh BWAC and PRPC and CONX shit
well i got a DA eventually so i guess i can’t complain. wish it was CONX or GPAC though…
CONX, CSTA, CXAC, GPAC, PRPC, ROTH whatever the heck it’s ticker is i forget one of you assholes give me a DA. specifically you CONX. slow as a freaking tortoise my god
Man... $CONX was one of my first big SPAC plays. What a throwback!
sooo uhhhh is CONX gonna do anything ever
Nothing new about it actually. Last SEC filling from CONX extension vote said about LOI with mobile network of DISH Net. but quiet since then. DISH Network lately (last two-three weeks) had some "problems" IIRC.
I've been holding CONX for a loooooong as time. Slightly down since I bought. Anyone else in it? They're apparently still looking :(
same. CONX especially all my warrants are pre da’s that have extended. except bwac cause screw it i’ll be holding that one through DA probably cause it will be low float and most likely i won’t get my money back at all haha
What even happened to CONX and GSAH, I was well bullish on tjose
Here’s my watch list. I owned the Xs - [x] Fuse ( FIntech SPY founder) - [x] AACQ ( Fintech, B2B, Worldpay CEO ) - [x] THCB (Batteries) - [ ] Qell ( Sustainability) - [x] Snpr ( EV & HYLLV2) - [x] Pdac (Environmental sustainability/plug - [x] FTOC ( Fintech) - [x] FPAC ( Fintech) - [ ] CHRH ( John) - [ ] LFTR ( Fintech and maybe crypto) - [ ] SWBK ( SBE v.2) - [ ] ZNTE ( Aviation industry) - [x] CCAC (sustainability) - [x] GSAH ( Goldman) - [x] FPAC - [ ] ALUS (Norway Battery) - [ ] FTCV ( Berry v.2) - [x] CONX ( Maybe 5G) - [ ] SCVX ( cyber security) - [ ] HZON ( Media) - [ ] SRNGU ( Draftking and Skills)
[DISH Network announces secured debt offering](https://twitter.com/DeItaone/status/1615328606472871937?s=20). Wouldn't that basically mean CONX gets green light on DA with part of DISH then ?
MLEC, CONX, IX, CIK [the top SPACs by social influence](https://swaggystocks.com/dashboard/stocks/top-spacs-list). diving into these head first
No worries, I was just asking, and not trying to be a dick. I remember CONX had mentions of LOI with part of Dish Network in their extension SEC filling. Though I don't remember was it prior of after vote. That's why I asked.
CONX, CSTA, CPUH, GPAC, PNTM (DA moon now plz) please i think that’s all my pre da i got left? probably forgot a few
I havent dealt in SPAC's in a long time, I own a decent bit of $CONX, Its at a very slight loss atm. What would *you* do with it? Just sell and move on? Are some Spacs still doing well on agreements? I'm guessing its just a pure gamble to hold and see what happens?
I am hoping that is my DA for this month. Only have three pre-DA warrants left PNTM, CONX, and UTAA (this is a small position). Then who knows if I ever buy a pre-DA warrant again.
CONX - not a rumour, almost an LOI in their SEC about extension vote.
so someone answered for CPUH, but why CONX still so high for warrants? did they have a DISH rumor i think? also damn. SFR aka the artist formally known as PTIC already in the 5’s after merge yesterday. yeesh.
well i sold all my PTIC now SFR warrants at a steep loss but shit atleast i got some money for them. even with a 2027 expiration i don’t particularly see that company hitting required share price given Zomb’s comment now to plunge all that cash into more PNTM quick question: why is CONX still trading so high? Same with CPUH. i own warrants in both so i should know this but i also gave up a long time ago
CONX 67.5M shares redeemed prior to extension vote.
CONXW (warrants for CONX a SPAC run by DISH networks Chairman Charlie Ergen) up 24% today Ergen is chairman of both DISH and CONX and is selling DISH consumer wireless to CONX per Oct 12 new announcement. See link below. [https://finance.yahoo.com/news/dish-network-chairman-backed-spac-014054205.html](https://finance.yahoo.com/news/dish-network-chairman-backed-spac-014054205.html) CONX issued 19m warrants only. astronomical up side. worth loading the truck at .22 cents a warrant
DISH - announced deal to sell wireless business to CONX. DISH has $50 B wireless spectrum not monetized. Chairman Ergen has said on Q calls that he will do deals with AMZN, DELL or CSCO. IMHO none will invest directly in DISH due to $23B debt. Ergen is Chairman of both DISH & CONX. Ergen will move wireless assets from DISH to CONX to get AMZN/DELL/CSCO to invest. Only 19 m CONX warrants issued trading under CONXW to buy CONX shares $11.5 before Nov 24. Huge upside if you buy CONXW for $.20
I guess this is good news $CONX https://www.prnewswire.com/news-releases/conx-files-proxy-statement-for-stockholders-to-vote-on-extension-of-completion-period-discloses-preliminary-discussions-regarding-business-combination-301647998.html
CONX to ask for 6 months extension and in preliminary talks with DISH Network Corp (retail wireless business). SEC filling dropped 20minutes ago.
Of course, but judging by other recent, late extension requests like HZON and CONX etc... they'd probably jump to something like 9¢ to 12¢ or so.
CONX gonna die in a couple months or any chance at all?
$CONX - Vote to extend on 9/27 > **While we are currently in preliminary discussions with an entity regarding a potential business combination**, there will not be sufficient time before November 3, 2022 to complete a business combination. The Board continues to believe that evaluating a business combination opportunity would be in the best interests of our stockholders, and therefore has determined to seek stockholder approval to extend the date by which the Company must complete a business combination.
Whatever happened to Charlie Ergen's SPAC CONX ? It IPO'd Oct 30/2020 and has $750M in trust...it's two year window is coming up in five weeks and there's been no DA
I would like to present you all with a piece of history. This is my old SPAC list I found on my phone: - [x] Fuse ( FIntech SPY founder) - [x] AACQ ( Fintech, B2B, Worldpay CEO ) - [x] THCB (Batteries) - [ ] Qell ( Sustainability) - [x] Snpr ( EV & HYLLV2) - [x] Pdac (Environmental sustainability/plug - [x] FTOC ( Fintech) - [x] FPAC ( Fintech) - [ ] CHRH ( John) - [ ] LFTR ( Fintech and maybe crypto) - [ ] SWBK ( SBE v.2) - [ ] ZNTE ( Aviation industry) - [x] CCAC (sustainability) - [x] GSAH ( Goldman) - [x] FPAC - [ ] ALUS (Norway Battery) - [ ] FTCV ( Berry v.2) - [x] CONX ( Maybe 5G) - [ ] SCVX ( cyber security) - [ ] HZON ( Media) - [ ] SRNGU ( Draftking and Skills)
got a few tickers on my watchlist; notably REI, LPL, CONX, DO. i get the feeling oil and gas is in season.
Any CONX holders left in here? I have a feeling Charles will use the fund to invest in some Open RAN related company or spectrum hoarding company like RSAccess. Dish / Boost only has 10 months left to fulfill their obligation to finish building a 5G network that covers 70% of US population… otherwise they pay a $2.2 billion fine. Time is ticking
CONX warrant holders sadly checking in
Yup, speculation was for CONX, but it ended how it ended :)
Not sure if it's been mentioned already - I was reading yesterday OneWeb (wannabe Starlink rival) is being taken over by Eutelsat: https://www.theguardian.com/business/2022/jul/24/oneweb-satellite-firm-bailed-out-by-uk-to-be-taken-over-by-french-rival OneWeb was a rumored SPAC target (CONX? iirc) - 18 months ago this would have mooned on DA.... Ah the good old days...
If I held to my 8000 CONX and 6000 PRPB bought for GBPUSD 1.38, I'd be about 15% up, instead I'm way way waaaaaay paper down on moves I did. Life, eh ?
It would be so sick if CONX was the one to pull OF.
That slag CONX ain’t making any moves
From Athens airport, right after heavy wind alert warning landing... ~~PRPB, you Beauty of a Princess.~~ Getty Images DA on 3rd of December 2021. CONX, you Shiny Star in the sky. ~~CRHC, you Fabulous Black Horse.~~ Allwyn DA on 20th January 2022. Someone fainted as Greek gods gave us a rough welcome. It will be green day today.
Congrats! We will get LFTR and IGAC eventually! Still praying on PNTM and CONX as well.
~~PRPB, you Beauty of a Princess.~~ Getty Images DA on 3rd of December 2021. CONX, you Shiny Star in the sky. ~~CRHC, you Fabulous Black Horse.~~ Allwyn DA on 20th January 2022. It will be a hot day today in London - possible 25+C. Also JPOW will be speaking today, so don't take green of futures for granted ;) GL.
For the first time this week ~~PRPB, you Beauty of a Princess.~~ Getty Images DA on 3rd of December 2021. CONX, you Shiny Star in the sky. ~~CRHC, you Fabulous Black Horse.~~ Allwyn DA on 20th January 2022. Yesterday took an eF a lot on paper from me, so... REBOUND ! REBOUND ! REBOUND !