May 1, 2024 · Form 4 insider transaction
ERGEN CHARLES W bought 11,333,333 shares of CONX at $1.50 per share, a transaction worth $17.00M. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
The private placement warrants were purchased by the Sponsor on October 29, 2020. Each private placement warrant is exercisable to purchase one share of the Issuer's Class A common stock at a price of $11.50 per share, subject to adjustment, and becomes exercisable 30 days after the consummation of the business combination, which occurred on May 1, 2024, and expires five years after the consummation of the business combination or earlier upon redemption or liquidation.; The securities are held directly by nXgen Opportunities, LLC (the "Sponsor"). Charles W. Ergen controls the Sponsor. Each Reporting Person disclaims beneficial ownership over any securities owned by the Sponsor other than to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.