Concord Acquisition Corp II CNDA · USD

On September 3, 2021, we consummated an initial public offering (the “IPO,” or the “Initial Public Offering”) of 25,000,000 units, generating gross proceeds of $250,000,000. Simultaneously with the closing of the offering, the Company consummated the private placement of an aggregate of 5,000,000 warrants (the “IPO Private Placement Warrants”) to Concord Sponsor Group II LLC (the “sponsor”) and CA2 Co-Investment LLC (an affiliate of one of the underwriters of the offering) (“CA2 Co-Investment” and, together with the sponsor, the “sponsors”), each at a price of $1.50 per IPO Private Placement Warrant, generating total proceeds of $7,500,000. On September 28, 2021, the underwriters partially exercised their option to purchase additional Units, resulting in the issuance of an additional 3,009,750 Units (the “Option Units,” together with the units sold in the IPO, the “Units”) at a public offering price of $10.00 per Option Unit. After giving effect to the partial exercise and close of the option, an aggregate of 28,009,750 Units were issued in the IPO. In connection with the sale of Option Units, the Company consummated a private sale of an additional 401,300 private placement warrants to the sponsors (the “Additional Private Placement Warrants,” together with the IPO Private Placement Warrants, the “Private Placement Warrants”) at a price of $1.50 per Additional Private Placement Warrant, generating gross proceeds of $601,950.

Quoted from its 10-K, filed 25 Mar 2026. Read the filing on SEC.gov ↗