CONX ( (CNXX) ) has released a notification of late filing.
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CONX Corp. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The primary reason for this delay is the recent acquisition of a majority equity interest in Red Technologies SAS, which has complicated the preparation and auditing of financial statements. This acquisition has necessitated additional time for the company to finalize its financial reporting. While CONX aims to file the report as soon as possible, it anticipates missing the extension deadline prescribed by Rule 12b-25. The company has acknowledged that significant changes in financial results are expected due to the acquisition, though precise estimates are not yet available. The notification, signed by CEO Kyle Jason Kiser, underscores CONX’s commitment to ongoing compliance and transparency.
More about CONX
Average Trading Volume: 2,950
Technical Sentiment Signal: Sell
Current Market Cap: $34.36M
See more data about CNXX stock on TipRanks’ Stock Analysis page.