CONX Corp. Annual Report - How They Did This Year

Hey there! Let's break down what CONX Corp. has been up to this year, based on the latest filings. Think of this as a quick chat about what's new with your investment.

This year, CONX Corp. has been pretty active with some big strategic moves and financial dealings.

Big News & Strategic Moves:

• Echostar Partnership: On November 12, 2024, CONX Corp. completed "PIPE financing" with Echostar Corporation. Echostar directly invested in CONX Corp.'s Class A common stock. This represents a direct investment from a strategic partner.
• New Business Venture (Red Technologies SAS): In December 2024, CONX Corp. was involved in a deal with Red Technologies SAS.
• Real Estate Activity: In May 2024, there was activity around the "Corporate Headquarters of Dish Wireless."
• Continued Support from the Sponsor: CONX Corp. continued to receive financial support from its main sponsor through "promissory notes" (formal loans) throughout 2023 and 2024. Updates to these agreements occurred, including one on March 25, 2024.

A Quick Look at Warrants (Those Stock Options):

• CONX Corp. has "Public Warrants" and "Private Placement Warrants." These give holders the right to buy company stock at a set price later on.
• The company has rules for "redeeming" (buying back) these warrants. For example, if the stock price reaches certain levels, such as $10 or $18 per share, the public warrants may be bought back.

Key Takeaways: This year, CONX Corp. focused on strategic growth and financial structuring. Key activities included securing a direct investment from Echostar Corporation, engaging in a deal with Red Technologies SAS, and managing real estate assets. The company also maintained financial backing from its sponsor and outlined conditions for warrant redemption.