M&A - CONX Corp.

Form Type: NT 10-Q

Filing Date: 2025-05-15

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925049468

Filing Summary: CONX Corp. could not file its Quarterly Report on Form 10-Q for the period ended March 31, 2025 by the due date due to delays associated with the acquisition of a majority equity interest in Red Technologies SAS, completed on December 5, 2024. The necessary preparations for the financial statements and audit related to this acquisition are not sufficiently advanced, leading to the inability to file within the prescribed time. The company expects that filing will occur after the extension period allowed by Rule 12b-25. The report will reflect significant changes in the results of operations due to the acquisition, but detailed estimates of these results remain unavailable at this point.

Form Type: NT 10-K

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925030588

Filing Summary: CONX Corp. was unable to file its Annual Report on Form 10-K for the year ended December 31, 2024 by the prescribed due date due to the completion of its acquisition of a majority equity interest in Red Technologies SAS, which occurred on December 5, 2024. This acquisition will be reflected in the Annual Report, which is the Company's first periodic report post-acquisition. The timing of the acquisition and the subsequent accounting requirements necessitate additional time for the preparation and audit of the annual financial statements, leading to the request for an extension under Rule 12b-25. The Company anticipates that the Annual Report cannot be filed by the expiration of the extension period. Furthermore, there is an expectation of a significant change in operational results due to the acquisition, although specifics of these changes cannot yet be estimated due to the early stage of financial statement preparation.