CONX ( (CNXX) ) has released a notification of late filing.
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CONX Corp. has filed a Form 12b-25, notifying investors of a delay in its Form 10-K (Yearly Report) for the fiscal year ended December 31, 2025. The company confirms the affected filing is its Annual Report on Form 10-K (Yearly Report), not a Form 10-Q (Quarter Report) or Form 20-F (Yearly Report).
The primary reason for the delay is the complex accounting and reporting work tied to its December 2024 acquisition of a majority stake in Red Technologies SAS in France. Integrating this deal into the 2024 and subsequent financial statements, along with pending work on the Form 10-Q (Quarter Report) for the quarter ended September 30, 2025, has slowed completion of the annual accounts and audit.
CONX states that, under the usual 12b-25 relief, annual reports are expected within 15 days of the original deadline. However, the company now anticipates it will not be able to file the Form 10-K (Yearly Report) even within this extension window, and therefore only commits to filing the Annual Report as soon as practicable.
The company has indicated that it expects a significant change in results of operations versus the prior fiscal year, but its financial statements are not far enough along to provide reasonable estimates. Management stresses that any expectations around timing and results are forward-looking statements, which may change based on future events and continued work on its filings.
CONX also acknowledges it is late on its Quarterly Report on Form 10-Q (Quarter Report) for the period ended September 30, 2025, signaling broader reporting delays tied to the acquisition and related accounting. The notification is signed on behalf of the company by Chief Executive Officer Kyle Jason Kiser on March 31, 2026, underscoring ongoing efforts to complete the required filings and return to full reporting compliance.
More about CONX
Average Trading Volume: 509
Technical Sentiment Signal: Buy
Current Market Cap: $112.7M
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