Welcome to our dedicated page for Concord Acquisition Ii news (Ticker: CNDA), a resource for investors and traders seeking the latest updates and insights on Concord Acquisition Ii stock.
Concord Acquisition Corp II (NYSE: CNDA) is a special purpose acquisition company (SPAC) focused on financial services and fintech mergers. This page provides official updates on CNDA's business combinations, including its proposed merger with Events.com, alongside strategic developments and regulatory filings.
Investors and analysts will find a centralized repository of press releases, merger details, and market disclosures. Content spans acquisition announcements, shareholder communications, and sector analysis relevant to CNDA's investment strategy.
All materials are sourced directly from company filings and verified partners. Bookmark this page for real-time updates on CNDA's progress in bridging private innovation with public markets through strategic SPAC transactions.
Events.com has acquired the La Jolla Concours d'Elegance, a prestigious automotive showcase and lifestyle event. The acquisition ensures the event's continuation under local leadership, with the La Jolla Historical Society maintaining its guiding role as the primary charitable beneficiary.
The event will benefit from Events.com's enhanced infrastructure, including streamlined ticketing, sponsorship, and marketing tools. Co-Chairs Michael Dorvillier and Robert Kerner will remain in their positions, preserving the event's authenticity. The 2025 event is scheduled for April 25-27, with current sponsorships and hospitality suites already sold out, and ticket sales exceeding previous years.
This acquisition is part of Events.com's expansion strategy in California's festival landscape, following recent acquisitions of the Temecula Valley Balloon & Wine Festival and Wonderfront Music & Arts Festival. The company is preparing for a potential public debut through a business combination with Concord Acquisition Corp. II (OTCQX: CNDA), expected to close in 2025.
Events.com has announced its acquisition of the Temecula Valley Balloon & Wine Festival, scheduled for June 20-22, 2025. The festival, which typically attracts hundreds of thousands of visitors, will feature hot air balloon displays, wine tastings, and expanded entertainment across three music stages.
The acquisition strengthens Events.com's presence in Southern California, following their recent acquisition of the Wonderfront Music & Arts Festival. The company will implement its AI-driven event management platform to enhance the festival experience, introducing features like interactive camping reservation systems and real-time updates.
Under Events.com's ownership, the festival will maintain its nonprofit mission and introduce a revenue-sharing model benefiting the 501(c)(4), supporting local community programs. The festival traditionally generates millions in local economic impact, supporting school programs, military groups, and Dollars for Scholars.
This acquisition comes as Events.com prepares for its public debut through a business combination with Concord Acquisition Corp. II (OTCQX: CNDA), expected to close in 2025.
Events.com has announced the strategic acquisition of Citifyd, a technology provider specializing in urban and event parking solutions. The integration aims to streamline event management by combining parking and ticketing services into one platform.
The acquisition enables event organizers to enhance efficiency, generate new revenue streams, and gain comprehensive insights through synchronized parking and ticketing data. Event attendees can pre-purchase parking through a mobile app or during the ticketing process on Events.com.
This move comes as Events.com prepares for its public debut through a business combination with Concord Acquisition Corp. II (OTCQX: CNDA), expected to close in 2025. The integration allows for standalone parking solutions or full platform integration, providing organizers with actionable insights into attendee preferences and enabling personalized experiences.
Events.com has announced the acquisition of Wonderfront Music & Arts Festival, a significant cultural event in San Diego. The festival, launched in 2019, attracted nearly 42,000 attendees in 2024 and features over 80 musical acts along San Diego's downtown waterfront.
The 2025 festival is scheduled for May 16-18, 2025, and under Events.com's ownership will incorporate AI-driven event discovery and management tools for enhanced digital experience. The acquisition aligns with Events.com's pending merger with Concord Acquisition Corp. II (OTCQX: CNDA), expected to close in 2025, after which the company plans to list under the ticker symbol 'RSVP'.
Events.com, a leading event management platform, has expanded its Share Subscription Facility (SSF) with Global Emerging Markets (GEM) to $200 million, doubling the initial commitment of $100 million. This increased funding will support Events.com's global expansion and technological advancements. The company recently announced a merger with Concord Acquisition Corp II (NYSE: CNDA), valuing Events.com at a pre-money equity value of $314 million and an implied pro forma enterprise value of $399 million.
The merger is expected to result in Events.com becoming a publicly traded company under the ticker symbol "RSVP". This increased commitment from GEM is seen as a significant endorsement of Events.com's trajectory and its potential to redefine the events industry through advanced technology.
Concord Acquisition Corp II (NYSE: CNDA) has received a delisting notice from NYSE American due to not completing a business combination within the required 36-month timeframe. The company plans to appeal this decision and seek a review from the Listings Qualifications Panel. In the meantime, CNDA intends to list its Securities on the OTC Markets during the NYSE American suspension. The company and its sponsor are also exploring a potential listing on Nasdaq as an alternative. Despite this setback, Concord remains committed to its public market goals and enhancing shareholder value.
Events.com and Concord Acquisition Corp II (NYSE: CNDA) have announced a definitive merger agreement, marking a significant step for Events.com to become publicly traded. The merger has a pre-money equity value of $314 million and an implied pro forma enterprise value of $399 million, bolstered by a $100 million Share Subscription Facility from Gem Global Yield SCS.
While facing potential delisting from the NYSE American due to timing constraints, both companies are strategically planning a transition to Nasdaq. This proactive move ensures continued growth and innovation for Events.com, with a reserved ticker symbol 'RSVP.'
Further details will be available in a Current Report on Form 8-K filed by CNDA with the SEC.
Events.com, an AI-driven event management platform, is set to go public through a merger with Concord Acquisition Corp II (NYSE: CNDA). The deal values Events.com at a pre-money equity value of $314 million. The combined company will list on the NYSE under the ticker 'RSVP'. Events.com offers a comprehensive SaaS platform for event organizers, with plans to launch an AI-powered event discovery feature in 2025.
Key highlights include:
- Transaction proceeds to fuel growth, expand offerings, and advance AI initiatives
- $100 million Share Subscription Facility secured from Gem Global Yield SCS
- Pro forma enterprise value of $399 million
- Current management team to continue leading the company post-merger
The merger aims to capitalize on the $936 billion event sector, positioning Events.com as a pivotal player in the industry.
Concord Acquisition Corp II (NYSE: CNDA) announced its decision to transfer the listing of its Class A common stock, units, and warrants from the New York Stock Exchange (NYSE) to NYSE American (NYSE American). The transfer is scheduled to take effect on May 29, 2024. The stock, units, and warrants have been approved for listing on NYSE American and will retain their current ticker symbols CNDA, CNDA.U, and CNDA.WS. Until the transfer is finalized, trading will continue on the NYSE.
Concord Acquisition Corp II has successfully closed its initial public offering (IPO) of 25 million units on September 3, 2021, priced at $10.00 per unit, resulting in gross proceeds of $250 million. The units will trade on the NYSE under the ticker symbol CNDA.U, with plans for separate trading of shares and warrants under CNDA and CNDA.WS, respectively. The company aims to pursue mergers in the financial services and technology sectors.
