CNXC (NASDAQ: CNXC) files Form 144; affiliate move cites 8.7M shares
Filing Impact
Filing Sentiment
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.
Key Figures
Par value: $0.0001 per share
Exchange shares recorded: 8,699,080 shares
Filing date: 04/29/2026
3 metrics
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
Key Terms
Form 144, Share Purchase and Contribution Agreement, Exchange of Securities
3 terms
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.
Exchange of Securities financial
"Exchange of Securities recorded on 09/25/2023"
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.
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.