CONX Corp. (NasdaqCM:CONX) announces a share repurchase program. Under the program, the company will repurchase up to 2,120,269 shares, representing 10.16% of its share capital for $22.13 million. The shares will be repurchased at $10.585614 per share. The company is purchasing its shares in connection with the purchase and sell agreement executed on March 10, 2024. The purpose of the offer is to provide an opportunity to shareholders to redeem their shares. The program will be funded from amounts held in company's Trust Account, which will be released to the company upon consummation of the Transaction of purchase and sell agreement. The offer will expire on April 29, 2024, unless extended. As of March 20, 2024, the company had 20,870,269 outstanding shares.

On April 15, 2024, the company announced an adjustment in repurchase price. The company has adjusted it repurchase price from $10.585614 peer share to $10.598120 per share.