CONX Corp filed a Form 12b-25 to notify that its Quarterly Report on Form 10-Q for the period ended June 30, 2025 will be late. The company cites ongoing work to complete its annual financial statements and audit following its cash purchase of a majority equity interest in Red Technologies SAS on December 5, 2024, which has delayed preparation of the unaudited condensed financial statements for this quarter.
CONX states it cannot file the 10-Q within the normal deadline without unreasonable effort or expense and expects it will be unable to file even within the standard 5-day extension. The company confirms that its Form 10-K for the year ended December 31, 2024 and Form 10-Q for the quarter ended March 31, 2025 also remain outstanding. It anticipates a significant change in results of operations in the upcoming 10-Q because it will reflect the completed Red Technologies acquisition, but says the financial statements are not far enough along to provide a reasonable estimate of those results.