Concord Acquisition Corp II Announces Transfer to NYSE American

Rhea-AI Summary

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.

Positive

• Transfer to NYSE American approved, ensuring continuity of trading.
• Retains ticker symbols CNDA, CNDA.U, and CNDA.WS, avoiding confusion.

Negative

• Transfer from NYSE to NYSE American may signal underlying issues or strategic changes.

NEW YORK, May 23, 2024 /PRNewswire/ -- Concord Acquisition Corp II (NYSE: CNDA) (the "Company") announced today that it will transfer the listing of its Class A common stock, units and warrants from the New York Stock Exchange to NYSE American LLC ("NYSE American"). The Company anticipates its Class A common stock, units and warrants will begin trading on NYSE American on Wednesday, May 29, 2024 under its current ticker symbols of CNDA, CNDA.U and CNDA.WS. The Company's Class A common stock, units and warrants have been approved for listing on NYSE American, and will continue to trade under the same ticker symbols on the New York Stock Exchange until the transfer is complete.

About Concord Acquisition Corp II

Concord Acquisition Corp II is a special purpose acquisition company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the financial services or financial technology industries.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company's plan to transfer the listing of its Class A common stock, units and warrants from the New York Stock Exchange to NYSE American LLC. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

Company Contact:

Concord Acquisition Corp II
Jeff Tuder
jeff@tremsoncapital.com

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SOURCE Concord Acquisition Corp II

FAQ

When is CNDA transferring to NYSE American?

Concord Acquisition Corp II will transfer to NYSE American on May 29, 2024.

What stock symbol does Concord Acquisition Corp II trade under?

Concord Acquisition Corp II trades under the symbols CNDA, CNDA.U, and CNDA.WS.

Will Concord Acquisition Corp II's stock symbols change after transferring to NYSE American?

No, Concord Acquisition Corp II will retain its current ticker symbols CNDA, CNDA.U, and CNDA.WS.

Where is Concord Acquisition Corp II currently listed?

Concord Acquisition Corp II is currently listed on the New York Stock Exchange (NYSE).

What is the significance of transferring to NYSE American?

Transferring to NYSE American may indicate strategic changes or compliance measures.