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Billionaire Charles Ergen seeks to raise $1bn through Spac

Deutsche Bank is the sole bookrunner on the deal in which CONX is offering 100 million units at $10 each

Billionaire Charles Ergen is seeking to raise $1bn through a blank-cheque company in an initial public offering.

His company CONX, which can also be referred to as a special purpose acquisition company, or a Spac, made a filing on 1 October with the Securities and Exchange Commission.

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