LITTLETON, Colo., Dec. 18, 2020 /PRNewswire/ -- CONX Corp.
(Nasdaq: CONXU) ("CONX" or the "Company") announced that holders of
the units sold in the Company's initial public offering of
75,000,000 units completed on November 3,
2020 (the "offering") may elect to separately trade the
shares of Class A common stock and warrants included in the units
commencing on December 21, 2020. Any
units not separated will continue to trade on The Nasdaq Capital
Market under the symbol "CONXU", and each of the shares of Class A
common stock and warrants will separately trade on The Nasdaq
Capital Market under the symbols "CONX" and "CONXW," respectively.
No fractional warrants will be issued upon separation of the units
and only whole warrants will trade. Holders of units will need to
have their broker contact Continental Stock Transfer & Trust
Company, the Company's transfer agent, in order to separate the
units into shares of Class A common stock and warrants.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any State or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such State or
jurisdiction. The offering was made only by means of a prospectus,
copies of which may be obtained on the U.S. Securities and Exchange
Commission website at http://www.sec.gov. Alternatively, copies of
the prospectus may be obtained from Deutsche Bank Securities, 60
Wall Street, New York, NY 10005,
Attn: Prospectus Group, telephone: 800-503-4611, or by
emailing prospectus.CPDG@db.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements," including with respect to the search
for an initial business combination. No assurance can be given that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of CONX, including those set forth
in the Risk Factors section of the Company's registration statement
for CONX's initial public offering filed with the Securities and
Exchange Commission ("SEC"). Copies are available on the SEC's
website, www.sec.gov. CONX undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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SOURCE Conx Corp.
