CONX Corp. - 8-K Filing
CONX Corp. entered into a merger agreement on May 29, 2026, to merge HC2 Merger Sub, LLC with and into HC2 Broadcasting Holdings Inc., resulting in HC2 becoming a subsidiary of CONX. The transaction includes $75 million in equity funding by CONX post-closing and a bridge loan facility for $105 million used to retire existing debt obligations under HC2’s notes. Additionally, the company executed an option agreement with Innovate Corp. allowing up to 15% ownership purchase rights over 18 months following closing. (Items: 1.01 Entry into a Material Definitive Agreement, 9.01 Financial Statements and Exhibits)
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