CONX Corp. Announces Closing of Initial Business Combination
LITTLETON, Colo., May 1, 2024 /PRNewswire/ — CONX Corp. (Nasdaq: CONX) (the “Company” or “CONX”), completed its previously announced transaction pursuant to the terms of the purchase and sale agreement (as amended by that amendment to the sale and purchase agreement, the “Purchase Agreement”), dated as of March 10, 2024, by and between the Company and EchoStar Real Estate Holding L.L.C. (“Seller”), a subsidiary of EchoStar Corporation. 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.