Based on this in evaluating SPACs that have yet to be assigned to a private business, it is conceivable that a SPAC trading less than $10 isn't well regarded whether due to organizational reputation, prior SPAC success or rumors of subpar acquisition. CONX Corp. (CONXU), which raised $750 million in a recent downsized IPO, is stacked with current Dish Network (DISH) executives including Charlie Ergen, but the company isn’t sponsoring the SPAC. For more information, please vist spacresearch.com. Its shares jumped about 50% on the very first day of trading on Nov 27. Last week Ergen founded a SPAC called CONX … It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including the wireless communications industry. Reproduction is prohibited without express permission. CONX Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. Additional stats include an Annualized Rate of Return for both the share and the sum of the unit securities. So CONX, a $750 million dollar SPAC formed with a Space/Telecommunications target in mind, is headed up by non other than Space Tycoon Charles Ergen, the multi billionaire who also happens to be the head of and founder of EchoStar...more on that connection in a bit. 0. The Accelerate Arbitrage Fund (TSX: ARB) provides exposure to SPAC arbitrage and merger arbitrage investment strategies. CONX Corp. CONXU 1,000 S+W/4 TMT, US 1st time SPAC team 1-Oct Duddell Street Acquisition Corp. DSACU 175 S+W/2 General, Asia Maso Capital 1-Oct Helix Acquisition Corp. HLXA 100 S Healthcare, US It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including the wireless communications industry. The Fund aims to generate consistent, low-volatility returns by investing in listed ... Conx Corp Units 1.5% Avanti Acquisition Corp 1.5% Property Solutions Acquisition Corp 1.4% 0. Shares. The CONX IPO date hasn't been set yet. A special purpose acquisition company (SPAC) is a publicly traded company created for the purpose of acquiring or merging with an existing company. Read More. An affiliate of John Malone’s . CONX Corp. (Nasdaq: CONXU) ... Greg Maffei, to pursue a merger in technology, ... and telecommunications. The company has agreed to a merge with the SPAC company Kensington Capital Acquisition. According to the Securities and Exchange Commission, a SPAC is created specifically to pool funds in order to finance a merger or acquisition. Conx Corp, as the blank check group is known, is seeking USD 1.50 billion in proceeds from the stock market flotation if overallotments are exercised in full. View SPAC FAQs here. 0. Shares of the SPAC are up 21% year-to-date and up 65% over their lifetime. A special purpose acquisition company (SPAC) is an alternative to the traditional initial public offering (IPO) process that public companies use to raise capital and having its stock traded publicly on a major stock exchange. These securities are common stocks. Shares have gained 388% past month. Industry: SPAC CONXU We are a newly-organized blank check company whose business 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. The blank check company was formed by Charles Ergen. It's the latest SPAC (special-purpose … 1 minute read. SPAC Gores Holdings VI jumps after CNBC commentator pitches: Feb 19: JWS: SHAREHOLDER ALERT: Rigrodsky Law, P.A. HL shareholders previously approved a deadline extension until Jan. 2 for the SPAC to … Total. February 9, 2021. CONX is a blank-check company formed by billionaire Charles Ergen. ... SPAC Merger; HL Outlines Fusion Fuel Merger Plan. Deutsche Bank Securities is the underwriter to CONX Corp’s offering. Today IPO for SPAC CONX Corp (NASDAQ: CONX) (NASDAQ: CONXU) opened for trading at $10 after pricing 75 million units at $10. Shares will be listed on the Nasdaq and trade under the ticker symbol “CONXU” beginning today. 0. The company is offering 100.00 million units at USD 10.00 apiece, comprising one class A common stock and one-fourth of a redeemable warrant, exercisable at USD 11.50 each.