CONX Corp. is a blank check company. Its purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.
Company profile
Ticker
CONX, CONXW, CONXU
Exchange
Website
CEO
Jason Kiser
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
852728630
CONX stock data
Latest filings (excl ownership)
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
18 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
Entry into a Material Definitive Agreement
2 Jun 23
DEFA14A
Additional proxy soliciting materials
31 May 23
8-K
Regulation FD Disclosure
31 May 23
DEF 14A
Definitive proxy
9 May 23
10-Q
2023 Q1
Quarterly report
9 May 23
PRE 14A
Preliminary proxy
28 Apr 23
10-K
2022 FY
Annual report
1 Mar 23
10-Q
2022 Q3
Quarterly report
8 Nov 22
Latest ownership filings
SC 13G/A
Jericho Capital Asset Management L.P.
10 Jul 23
4
Josh Resnick
6 Jun 23
SC 13G/A
Jericho Capital Asset Management L.P.
10 Apr 23
3
Josh Resnick
10 Mar 23
3
LOUIS M BACON
24 Feb 23
SC 13G
MOORE CAPITAL MANAGEMENT, LP
14 Feb 23
SC 13G/A
Jericho Capital Asset Management L.P.
14 Feb 23
SC 13G/A
Magnetar Financial LLC
24 Jan 23
SC 13G
Jericho Capital Asset Management L.P.
14 Feb 22
SC 13G/A
Palestra Capital Management LLC
14 Feb 22
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
| Operating margin | ||||
| Net income | ||||
| Net profit margin | ||||
| Cash on hand | ||||
| Change in cash | ||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 130.64 k | 130.64 k | 130.64 k | 130.64 k | 130.64 k | 130.64 k |
| Cash burn (monthly) | 334.03 k | 26.35 k | 306.74 k | (no burn) | 417.36 k | 146.71 k |
| Cash used (since last report) | 942.10 k | 74.31 k | 865.13 k | n/a | 1.18 mm | 413.78 k |
| Cash remaining | -811.47 k | 56.33 k | -734.49 k | n/a | -1.05 mm | -283.14 k |
| Runway (months of cash) | -2.4 | 2.1 | -2.4 | n/a | -2.5 | -1.9 |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 46 |
| Opened positions | 5 |
| Closed positions | 6 |
| Increased positions | 6 |
| Reduced positions | 6 |
| 13F shares | Current |
|---|---|
| Total value | 16.28 bn |
| Total shares | 28.38 mm |
| Total puts | 0.00 |
| Total calls | 965.50 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Ergen Charles W | 18.75 mm | $191.81 mm |
| Potomac Capital Management | 1.39 mm | $14.35 bn |
| Apollo Management | 1.00 mm | $200.00 mm |
| Jericho Capital Asset Management | 1.00 mm | $200.00 mm |
| Fort Baker Capital Management | 808.37 k | $161.67 mm |
| ARS Investment Partners | 498.45 k | $99.69 mm |
| Ubs Oconnor | 460.22 k | $84.68 mm |
| RP Investment Advisors | 425.80 k | $85.00 k |
| Periscope Capital | 393.02 k | $78.60 mm |
| Moore Capital Management | 375.00 k | $67.50 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Jun 23 | Jericho Capital Asset Management | Class A Common Stock, par value $0.0001 per share | Other | Dispose J | Yes | No | 10.191 | 4,000,000 | 40.76 mm | 0 |