Concord Acquisition Corp

Concord Acquisition Corp

CND
Concord Acquisition CorpUS flagNew York Stock Exchange
10.16
USD
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- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Sector
Financial Services
Industry
Shell Companies
Address
477 Madison Avenue New York City NY United States of America 10022
IPO Date
Jan 28, 2021
Business
Concord Acquisition Corp (CND) operates as a blank check company whose principal business activity centers on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the financial services and financial technology sectors, including payments, enterprise software, and data analytics; it offers no operational products or services beyond this SPAC structure and maintains redeemable warrants exercisable for its Class A common stock at $11.50 per share. The company, incorporated in 2020 and headquartered at 477 Madison Avenue, 22nd Floor, New York, New York, focuses on established businesses with strong growth potential in large addressable markets characterized by secular trends, recurring revenue, and opportunities for operational enhancement through its management team's expertise. Geographically, it pursues targets with global operations but has conducted its activities primarily from the United States. In December 2022, Concord mutually terminated its proposed business combination with Circle Internet Financial after an initial July 2021 agreement at a $4.5 billion valuation was amended in February 2022 to $9 billion; lacking further targets, it redeemed all outstanding public shares effective December 20, 2022, ceased operations except for winding up, confirmed sponsor funding for a brief extension attempt that failed, suspended trading in its warrants, and delisted from the NYSE, marking its liquidation without completing an initial business combination.

Company News

APIChatGPT
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  • Circle and Concord Agree to End the $9B SPAC Deal

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  • Circle's updated SPAC deal boosts the company's valuation to $9 billion

  • Concord Acquisition (CND) Signs New Terms To Take Circle Public In $9 Billion Deal

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  • Circle to double in value to $9 billion with revamped SPAC deal

  • Market Extra: Cathie Wood's ARK ETF buys $70 million in SPAC linked to stablecoin operator Circle

  • Circle Announces Filing of Registration Statement on Form S-4 in Connection with its Proposed Business Combination with Concord Acquisition Corp.

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