Welcome to our dedicated page for CONCORD ACQ II A news (Ticker: CNDA), a resource for investors and traders seeking the latest updates and insights on CONCORD ACQ II A stock.
Concord Acquisition Corp II (symbol: CNDA) is a special purpose acquisition company (SPAC) formed with the objective of facilitating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company's primary focus is on the financial services and financial technology sectors. As a blank check company, Concord Acquisition Corp II does not yet have established business operations or revenues. Instead, it seeks opportunities to invest in promising businesses within its target industries.
Latest Developments: On May 23, 2024, Concord Acquisition Corp II announced its plan to transfer the listing of its Class A common stock, units, and warrants from the New York Stock Exchange to NYSE American LLC. This transition is expected to take place on May 29, 2024, under the current ticker symbols CNDA, CNDA.U, and CNDA.WS. The listings have been approved by NYSE American, ensuring a seamless transfer of trading activities.
As a newly organized entity, Concord Acquisition Corp II aims to leverage its expertise in the financial and fintech sectors to identify and acquire businesses with high growth potential. The strategic move to NYSE American is expected to align the company with a market that better suits its operational goals and investment strategies.
The company is led by a team of experienced professionals with a strong background in financial services and investment management, positioning it well to achieve its acquisition objectives. With a focus on creating value for its investors, Concord Acquisition Corp II continuously evaluates potential targets that can deliver substantial returns and drive long-term growth.
While Concord Acquisition Corp II is still in its early stages, investors and stakeholders are encouraged to keep an eye on its developments, as the company progresses towards its goal of executing a successful business combination within its designated sectors.
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.
Concord Acquisition Corp II has priced its initial public offering (IPO) at $10.00 per unit, totaling $250 million. The IPO includes 25,000,000 units, each consisting of one share of Class A common stock and one-third of a redeemable warrant. The trading on the NYSE under the ticker symbol CNDA.U is set to begin on September 1, 2021. The company anticipates closing the offering on September 3, 2021, subject to customary conditions. Citigroup Global Markets and Cowen and Company are the joint book-running managers for this offering.
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