CONX signs merger deal to acquire HC2 Broadcasting Holdings

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CONX CORP

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CONX CORP

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  • CONX agreed to merge its unit, HC2 Merger Sub, into HC2 Broadcasting Holdings, leaving HC2 as the surviving subsidiary.
  • At closing, HC2 shareholders receive 25% of the surviving entity’s common stock; CONX holds 75%, subject to adjustments.
  • The 75% stake reflects extinguishment of loans plus a $75 million equity funding commitment into the surviving entity post-close.
  • Seller gains an 18-month option post-close to buy up to 15% of the surviving entity from CONX at a specified valuation.
  • Outside date is Nov. 29, 2026, extendable to March 1, 2027 or May 29, 2027 if regulatory approvals are the only remaining condition.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CONX Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-068645), on June 01, 2026, and is solely responsible for the information contained therein.

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