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CNXC (NASDAQ: CNXC) files Form 144; affiliate move cites 8.7M shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

CNXC filed a Form 144 reporting a proposed sale of Common Stock. The notice is dated 04/29/2026 and cites shares of common stock received in exchange pursuant to a Share Purchase and Contribution Agreement dated June 12, 2023. The exchange recorded 8,699,080 shares on 09/25/2023.

Positive

  • None.

Negative

  • None.
Par value $0.0001 per share Common Stock par value as stated in the filing
Exchange shares recorded 8,699,080 shares Shares received in exchange on 09/25/2023 per the Share Purchase and Contribution Agreement
Filing date 04/29/2026 Date shown in the securities information section of the Form 144 excerpt
Form 144 regulatory
"filed a Form 144 reporting a proposed sale of Common Stock"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Share Purchase and Contribution Agreement legal
"received in exchange pursuant to that certain Share Purchase and Contribution Agreement"
Exchange of Securities financial
"Exchange of Securities recorded on 09/25/2023"

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does CNXC's Form 144 report?

It reports a proposed sale of Common Stock by an affiliate, dated 04/29/2026. The filing references shares received in exchange under a Share Purchase and Contribution Agreement dated June 12, 2023, with an exchange entry of 8,699,080 shares on 09/25/2023.

How many shares were received in the exchange referenced in CNXC's filing?

The filing shows 8,699,080 shares were received in the exchange on 09/25/2023. This count is tied to the Share Purchase and Contribution Agreement dated June 12, 2023, as stated in the notice.

What class of securities does CNXC's Form 144 involve?

The notice involves Common Stock, par value $0.0001 per share. The filing lists the security class and references distribution/sale activity related to those common shares.

Who is listed as the broker or placement agent in the filing?

The filing lists JP Morgan Securities LLC at 270 Park Avenue, New York, NY. That broker-dealer entry appears in the securities information section of the Form 144 excerpt.