⁍ CONX Corp, a blank-check company led by billionaire Charles Ergen, is looking to raise around $1 billion in an initial public offering.

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⁍ The firm aims to sell 100 million units at $10 apiece and list its units on Nasdaq under the symbol ‘CONXU

– CONX Corp, a shell company owned by billionaire Charles Ergen, is planning to go public. The firm plans to sell 100 million units at $10 per unit and list on Nasdaq under the symbol “CONXU,” reports Reuters. Ergen is the chairman of satellite TV provider Dish Network and chairman of satellite operator EchoStar. A special acquisition company, or SPAC, is a shell vehicle that raises money to buy and then merge with an unknown company, typically within two years. High-profile investors such as Bill Ackman and Michael Klein have raised billions through their SPACs this year.