UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*



CONX Corp.

(Name of Issuer)

 

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

212873202**

(CUSIP Number)

 

 

December 31, 2021
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

 

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

** The CUSIP provided is for the Units, each consisting of one share of Class A common stock, par value $0.0001 per share and one-fourth of one redeemable warrant

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


 

CUSIP No.  212873202
 SCHEDULE 13G/A
Page 2 of 11 Pages

 

         
1
NAME OF REPORTING PERSONS
 
Palestra Capital Management LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0%
12
TYPE OF REPORTING PERSON
 
IA
 


 

CUSIP No.  212873202
 SCHEDULE 13G/A
Page 3 of 11 Pages

 

         
1
NAME OF REPORTING PERSONS
 
Palestra Management LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0%
12
TYPE OF REPORTING PERSON
 
HC

 

 

 
 


 

CUSIP No.  212873202
 SCHEDULE 13G/A
Page 4 of 11 Pages

 

         
1
NAME OF REPORTING PERSONS
 
Andrew Immerman
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0%
12
TYPE OF REPORTING PERSON
 
IN
 

 
 


 

CUSIP No.  212873202
 SCHEDULE 13G/A
Page 5 of 11 Pages

 

         
1
NAME OF REPORTING PERSONS
 
Jeremy Schiffman
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0%
12
TYPE OF REPORTING PERSON
 
IN

 

 


 

CUSIP No.  212873202
 SCHEDULE 13G/A
Page 6 of  11 Pages

 

Item 1. (a) Name of Issuer:

CONX Corp.

(b) Address of Issuer’s Principal Executive Offices:

 

5701 S. Santa Fe Dr. Littleton, CO 80120

Item 2. (a) Name of Person Filing

This Statement is filed by each of the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons":

 

  (i) Palestra Capital Management LLC

 (ii) Palestra Management LP

(iii) Andrew Immerman

(iv) Jeremy Schiffman

 

(b) Address of Principal Business Office or, if none, Residence

The address of the principal business office of each of the Reporting Persons is c/o Palestra Capital Management LLC, 888 Seventh Avenue 23rd Floor, New York, NY 10019

 

(c) Citizenship

  (i) Palestra Capital Management LLC - Delaware Limited Liability Company

 (ii) Palestra Management LP - Delaware Limited Partnership

(iii) Andrew Immerman - United States Citizen

(iv) Jeremy Schiffman - United States Citizen

 

  (d) Title of Class of Securities

Class A Common Stock, par value $0.0001 per share

  (e) CUSIP No.:

212873202

 

 

CUSIP No.  212873202
 SCHEDULE 13G/A
Page 7 of 11 Pages

 

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

  (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
  (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
  (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
 
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
 
  (g) x A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
 
  (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
 
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
 
  (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).
 
  (k) ¨ A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                            
       

 



 

 

CUSIP No.  212873202
 SCHEDULE 13G/A
Page 8 of 11 Pages

 

 

Item 4. Ownership

The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. The Reporting Persons disclaim beneficial ownership except to the extent of their pecuniary interests therein.

The percentage set forth in this Schedule 13G/A is calculated based upon the 75,030,000 shares of Common Stock issued and outstanding as of November 5, 2021 as disclosed in the Company’s Quarterly Report for the quarterly period ended September 30, 2021 on the Form 10-Q filed with the Securities and Exchange Commission on November 5, 2021.

 


 

 

CUSIP No.  212873202
 SCHEDULE 13G/A
Page 9 of  11 Pages

 

Item 5. Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following x.

Item 6. Ownership of More Than Five Percent on Behalf of Another Person

 

Not Applicable.

Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

 

Not Applicable.

Item 8. Identification and Classification of Members of the Group

 

Not Applicable.

Item 9. Notice of Dissolution of Group

 

Not Applicable.

Item 10. Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 



 
 
CUSIP No.  212873202
 SCHEDULE 13G/A
Page 10 of 11 Pages

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 14, 2022

 

 

  Palestra Capital Management, LLC
       
  By:  Jeremy Schiffman
    Name:  Jeremy Schiffman
    Title:  Managing Member

 

  Palestra Management LP
  By: Palestra Capital Management, LLC
       
  By:  Jeremy Schiffman
    Name:  Jeremy Schiffman
    Title:  Managing Member
       
  By:  Andrew Immerman
    Name:  Andrew Immerman, Individually
       
  By:  Jeremy Schiffman
    Name:  Jeremy Schiffman, Individually

 
CUSIP No. 212873202
 SCHEDULE 13G/A
Page 11 of 11 Pages

 

EXHIBIT 1

 

JOINT FILING AGREEMENT

PURSUANT TO RULE 13d-1(k)

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G/A is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G/A shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

DATE: February 14, 2022

 

 

  Palestra Capital Management, LLC
       
  By:  Jeremy Schiffman
    Name:  Jeremy Schiffman
    Title:  Managing Member

 

  Palestra Management LP
  By: Palestra Capital Management, LLC
       
  By:  Jeremy Schiffman
    Name:  Jeremy Schiffman
    Title:  Managing Member
       
  By:  Andrew Immerman
    Name:  Andrew Immerman, Individually
       
  By:  Jeremy Schiffman
    Name:  Jeremy Schiffman, Individually

 

 

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