Events.com Charts Dynamic Course Amid Strategic Transition
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 e Concord Acquisition Corp II (NYSE: CNDA) hanno annunciato un accordo di fusione definitivo, rappresentando un passo significativo per Events.com per diventare una società quotata in borsa. La fusione ha un valore patrimoniale pre-money di 314 milioni di dollari e un valore d'impresa pro forma implicito di 399 milioni di dollari, supportato da un'impianto di sottoscrizione azionaria di 100 milioni di dollari da Gem Global Yield SCS.
Nonostante le potenziali difficoltà di delisting dalla NYSE American a causa di vincoli temporali, entrambe le aziende stanno pianificando strategicamente una transizione verso il Nasdaq. Questa mossa proattiva assicura una continua crescita e innovazione per Events.com, con il simbolo di borsa riservato 'RSVP.'
Ulteriori dettagli saranno disponibili in un Rapporto Corrente sul modulo 8-K depositato da CNDA presso la SEC.
Events.com y Concord Acquisition Corp II (NYSE: CNDA) han anunciado un acuerdo de fusión definitivo, marcando un paso significativo para que Events.com se convierta en una empresa que cotiza en bolsa. La fusión tiene un valor de capitalización pre-money de 314 millones de dólares y un valor empresarial pro forma implícito de 399 millones de dólares, respaldado por una instalación de suscripción de acciones de 100 millones de dólares de Gem Global Yield SCS.
A pesar de enfrentar la posible exclusión de la NYSE American debido a restricciones de tiempo, ambas compañías están planeando estratégicamente una transición hacia el Nasdaq. Este movimiento proactivo asegura un crecimiento continuo e innovación para Events.com, con un símbolo de cotización reservado 'RSVP.'
Más detalles estarán disponibles en un Informe Actual en el Formulario 8-K presentado por CNDA ante la SEC.
Events.com와 Concord Acquisition Corp II (NYSE: CNDA)가 최종 합병 계약을 발표하였습니다. 이는 Events.com이 상장 기업으로 성장하기 위한 중요한 단계입니다. 이번 합병의 사전 자본 가치(pre-money equity value)는 3억 1400만 달러이며, 암시된 프로포르마 기업 가치(pro forma enterprise value)는 3억 9900만 달러로, Gem Global Yield SCS의 1억 달러 주식 구독 시설에 의해 강화되었습니다.
NYSE American에서의 상장 폐지 가능성에 직면하면서, 양사는 Nasdaq으로의 전환을 전략적으로 계획하고 있습니다. 이 선제적 대응은 Events.com의 지속적인 성장과 혁신을 보장하며, 예약된 티커 기호는 'RSVP'입니다.
추가 세부 사항은 CNDA가 SEC에 제출한 8-K 양식의 현재 보고서에서 확인할 수 있습니다.
Events.com et Concord Acquisition Corp II (NYSE: CNDA) ont annoncé un accord de fusion définitif, marquant une étape significative pour qu'Events.com devienne une entreprise cotée en bourse. La fusion a une valeur d'équité pré-money de 314 millions de dollars et une valeur d'entreprise pro forma implicite de 399 millions de dollars, renforcée par un mécanisme de souscription d'actions de 100 millions de dollars de Gem Global Yield SCS.
Bien qu'ils soient confrontés à un potentiel de radiation de la NYSE American en raison de contraintes temporelles, les deux entreprises planifient stratégiquement une transition vers le Nasdaq. Ce mouvement proactif garantit une croissance continue et une innovation pour Events.com, avec le symbole boursier réservé 'RSVP.'
Des détails supplémentaires seront disponibles dans un rapport actuel sur le formulaire 8-K déposé par CNDA auprès de la SEC.
Events.com und Concord Acquisition Corp II (NYSE: CNDA) haben eine endgültige Fusionsvereinbarung bekannt gegeben, was einen bedeutenden Schritt für Events.com darstellt, um börsennotiert zu werden. Die Fusion hat einen Pre-Money-Eigenkapitalwert von 314 Millionen US-Dollar und einen implizierten pro forma Unternehmenswert von 399 Millionen US-Dollar, unterstützt durch eine 100 Millionen US-Dollar große Aktienzeichnungsvereinbarung von Gem Global Yield SCS.
Trotz möglicher Delisting-Risiken von der NYSE American aufgrund zeitlicher Einschränkungen planen beide Unternehmen strategisch einen Übergang zur Nasdaq. Dieser proaktive Schritt sichert weiteres Wachstum und Innovation für Events.com, mit dem reservierten Börsensymbol 'RSVP.'
Weitere Einzelheiten werden in einem aktuellen Bericht auf dem Formular 8-K veröffentlicht, das von CNDA bei der SEC eingereicht wird.
- Merger valued at $314 million equity and $399 million enterprise value.
- $100 million Share Subscription Facility from Gem Global Yield SCS.
- Strategic plan to transition to Nasdaq ensures flexibility and growth.
- Potential delisting from NYSE American due to timing constraints.
Insights
Events.com's strategic move towards public listing, despite potential NYSE delisting, demonstrates financial agility. The
However, investors should note that the transition between exchanges might cause short-term stock volatility. The company's ability to secure an alternative listing rapidly will be important for maintaining investor confidence. The RSVP ticker reservation across exchanges indicates proactive planning, potentially mitigating transition risks.
Events.com's merger with Concord Acquisition Corp II signals a strategic market positioning in the events industry. The company's pursuit of public status, despite obstacles, indicates strong growth ambitions and confidence in its business model. The planned use of capital for acquisitions and partnerships suggests a consolidation strategy, potentially reshaping the competitive landscape.
Investors should watch for post-merger synergies and how Events.com leverages its public status to expand market share. The company's ability to innovate and adapt in the dynamic events sector will be critical for long-term success. The reserved "RSVP" ticker cleverly aligns with their brand, potentially boosting investor recognition and appeal.
Exploring Nasdaq Listing as a Key Step in Growth Strategy
The proposed business combination with Concord Acquisition Corp II is valued at a pre-money equity value of
Events.com and Concord remain confident in the path forward and they are actively pursuing an alternative listing option with Nasdaq. This flexibility ensures Events.com is well-positioned to continue its growth trajectory and deliver on its commitment to innovation and excellence.
Regardless of the outcome, whether Events.com is eventually listed on the NYSE or Nasdaq, it plans to trade under the reserved "RSVP" ticker. This proactive approach underscores Events.com's commitment to completing its proposed business combination and ensuring a robust presence in the public markets.
Additional information about the Proposed Business Combination, including a copy of the Merger Agreement, will be provided in a Current Report on Form 8-K to be filed by CNDA with the
About Events.com
Events.com powers a two-sided marketplace and platform that helps passionate individuals create, promote, discover, and enjoy events. Events.com's platform helps event organizers seamlessly execute their events and allows event goers to discover, interact, and transact with the events they love. The Company offers a robust ecosystem that supports millions of event creators worldwide, catering to various interests. From the prestigious All-In Summit, the world's leading podcast for business, technology, and investing, to the vibrant 100,000-person Renaissance Festival in
For additional information, please visit events.com
About Concord Acquisition Corp II (CNDA)
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. It is sponsored by Concord Sponsor Group II LLC, an entity affiliated with Atlas Merchant Capital LLC, an investment firm that offers debt and equity investment strategies, seeking long-term value through differentiated expertise in financial services and credit markets.
For additional information, please visit cnda.concordacquisitioncorp.com.
About Atlas Merchant Capital
Atlas Merchant Capital LLC, founded in 2013 by Bob Diamond and David Schamis, is an alternative asset management company with approximately
For additional information, please visit https://www.atlasmerchantcapital.com.
Forward-Looking Statements
Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, CNDA's, Events.com's, or their respective management teams' expectations concerning the outlook for their or Events.com's business, productivity, plans, and goals for future operational improvements and capital investments, operational performance, future market conditions, or economic performance and developments in the capital and credit markets and expected future financial performance, including expected net proceeds, expected additional funding, the percentage of redemptions of CNDA's public stockholders, growth prospects and outlook of Events.com's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of Events.com's projects, as well as any information concerning possible or assumed future results of operations of Events.com. Forward-looking statements also include statements regarding the expected benefits of the Proposed Business Combination. The forward-looking statements are based on the current expectations of the respective management teams of Events.com and CNDA, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of CNDA's securities; (ii) the risk that the Proposed Business Combination may not be completed by CNDA's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CNDA; (iii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the adoption of the Merger Agreement by the stockholders of CNDA and Events.com and the receipt of certain regulatory approvals; (iv) market risks; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; (vi) the effect of the announcement or pendency of the Proposed Business Combination on Events.com's business relationships, performance, and business generally; (vii) risks that the Proposed Business Combination disrupts current plans of Events.com and potential difficulties in its employee retention as a result of the Proposed Business Combination; (viii) the outcome of any legal proceedings that may be instituted against Events.com or CNDA related to the Merger Agreement or the Proposed Business Combination; (ix) failure to realize the anticipated benefits of the Proposed Business Combination; (x) the inability to maintain the listing of CNDA's securities or to meet listing requirements and maintain the listing of PubCo's securities on the NYSE American; (xi) the risk that the price of PubCo's securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which Events.com plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure; (xii) the inability to implement business plans, forecasts, and other expectations after the completion of the Proposed Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations; (xiii) the risk that Events.com may not be able to successfully develop its assets, including expanding the product offerings and implementing the acquisition plan (xiv) the risk that Events.com will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all; (xv) political and social risks of operating in the
Important Information for Investors and Shareholders
In connection with the Proposed Business Combination, CNDA intends to file with the SEC the Registration Statement, which will include a prospectus with respect to PubCo's securities to be issued in connection with the Proposed Business Combination and a proxy statement to be distributed to holders of CNDA's common stock in connection with CNDA's solicitation of proxies for the vote by CNDA's stockholders with respect to the Proposed Business Combination and other matters to be described in the Registration Statement (the "Proxy Statement"). After the SEC declares the Registration Statement effective, CNDA plans to file the definitive Proxy Statement with the SEC and to mail copies to stockholders of CNDA as of a record date to be established for voting on the Proposed Business Combination. This press release does not contain all the information that should be considered concerning the Proposed Business Combination and is not a substitute for the Registration Statement, Proxy Statement or for any other document that PubCo or CNDA may file with the SEC. Before making any investment or voting decision, investors and security holders of CNDA and Events.com are urged to read the Registration Statement and the Proxy Statement, and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about, Events.com, CNDA, PubCo and the Proposed Business Combination.
Investors and security holders will be able to obtain free copies of the Registration Statement, the Proxy Statement and all other relevant documents filed or that will be filed with the SEC by PubCo and CNDA through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by PubCo and CNDA may be obtained free of charge from CNDA's website at cnda.concordacquisitioncorp.com or by directing a request to Jeff Tuder, Chief Executive Office, 477 Madison Avenue
Participants in the Solicitation
Events.com, CNDA, PubCo and their respective directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitations of proxies from CNDA's stockholders in connection with the Proposed Business Combination. For more information about the names, affiliations and interests of CNDA's directors and executive officers, please refer to CNDA's annual report on Form 10-K filed with the SEC on March 1, 2024, and Registration Statement, Proxy Statement and other relevant materials filed with the SEC in connection with the Proposed Business Combination when they become available. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, which may, in some cases, be different than those of CNDA's stockholders generally, will be included in the Registration Statement and the Proxy Statement, when they become available. Stockholders, potential investors and other interested persons should read the Registration Statement and the Proxy Statement carefully, when they become available, before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.
No Offer or Solicitation
This document shall not constitute a "solicitation" as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This document shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. No offering of securities in the Proposed Business Combination shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.
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SOURCE Events.com
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