Concord Acquisition Corp
CND-UN
New York Stock Exchange10.17
USD
- -
- -
Concord Acquisition Corp
CND-UN
(New York Stock Exchange)
Recent
price
10.17
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Concord Acquisition Corp Concord Acquisition Corp (CND-UN) is a blank check company, or special purpose acquisition company (SPAC), whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; it focuses primarily on opportunities in the financial services and financial technology sectors, including payments, enterprise software, data analytics and related areas. The company holds cash and cash equivalents raised from its initial public offering, conducted in December 2020 for $276 million in units listed on the New York Stock Exchange; it conducts no significant underlying operations pending identification and completion of a target business combination. Concord Acquisition Corp was incorporated in 2020 and maintains its headquarters in New York, New York. The company offers no current products or services beyond its SPAC structure, which provides public market access to private companies through a de-SPAC transaction; its sponsor, Concord Sponsor Group LLC, an affiliate of Atlas Merchant Capital LLC founded by Bob Diamond and David Schamis, contributes expertise in financial sector investments across geographies. Geographically, while headquartered in the United States, Concord Acquisition Corp pursues targets with potential operations in the United States, Europe, Asia and other regions via its sponsor's network. Leadership includes CEO Jeffrey M. Tuder, CFO Michele J. Cito and Chairman Bob Diamond, supported by directors with backgrounds in payments, capital markets and fintech such as Henry Helgeson and Larry Leibowitz. In recent developments, Concord Acquisition Corp mutually terminated its proposed business combination with Circle Internet Financial, the issuer of the USDC stablecoin, in December 2022 after the deal—initially announced in July 2021 at a $4.5 billion valuation and renegotiated in February 2022 to $9 billion—failed to close due to regulatory delays with the SEC's S-4 registration statement and challenging market conditions in cryptocurrencies. The termination occurred just before the December 10, 2022 deadline, with no extension pursued amid broader SPAC and crypto sector headwinds; subsequent shareholder litigation in Delaware Chancery Court in early 2023 sought to block distribution of a $20 million breakup fee to the sponsor, alleging breach of agreements. As of late 2025, no new merger target has been publicly announced, leaving the company in a search phase with trust assets approaching maturity considerations.
Concord Acquisition Corp Announces Closing of $276 Million Initial Public Offering
Concord Acquisition Corp Announces Pricing of Upsized $240 Million Initial Public Offering