CONX Corp. (CONXU) Prices $750M IPO


CONX Corp. (CONXU) Prices $750M IPO

CONX Corp. announced the pricing of its $750 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “CONXU” Friday, October 30.

The new company aims to combine with a target in the wireless technology or wider TMT space with recurring and embedded revenue. CONX is led by Chairman Charles W. Ergen and CEO and Director Jason Kiser.

Total SPAC deal count for 2020 year-to-date is now 169 with $62.5 billion in gross proceeds raised. This offering is expected to close on Tuesday, November 3, 2020.

Deutsche Bank Securities Inc. is acting as the sole book-running manager for the offering. Sullivan & Cromwell LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.