Concord Acquisition Corp.
CND-WT
New York Stock Exchange0.01
USD
+0.01
- -
CIK
0001824301
Return %
Stock
S&P500
1Y
-99.06
26.53
3Y
-99.06
76.60
5Y
-99.06
80.11
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001824301
- Similar Companies
- Business
- Concord Acquisition Corp (CND-WT) constitutes the publicly traded warrants of a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on financial services and financial technology sectors including payments, enterprise software, and data analytics. Each whole warrant entitles the holder to purchase one share of the company's Class A common stock at an exercise price of $11.50 per share, subject to adjustment; the warrants became exercisable on the later of 30 days after an initial business combination or 12 months from the December 2020 initial public offering closing, and originally expired five years thereafter or earlier upon redemption or liquidation. The company, founded in 2020 and headquartered at 477 Madison Avenue, New York, New York, raised $276 million in its IPO through 27.6 million units, each comprising one Class A share and one-half warrant, with units separating to trade as CND (Class A shares), CND WS (warrants), and CND.U (units); it operates globally with no current employees beyond key executives led by CEO Jeffrey M. Tuder. In recent years, Concord Acquisition Corp pursued but failed to complete a $4.5 billion merger with stablecoin issuer Circle Internet Financial announced in July 2021, which terminated mutually in December 2022 amid market conditions, prompting public share redemptions, warrant delisting from NYSE due to low prices, and ultimate liquidation of the SPAC with distribution of trust proceeds to remaining shareholders. Post-liquidation, residual Circle shares held by the entity factor into a proposed $3.7 million settlement approved in ongoing litigation (Funicular Funds, LP v. Concord Acquisition Corp) for Class A stockholders as of December 2022, resolving claims related to redemptions and dissolution; a fairness hearing is scheduled for December 11, 2025. The warrants (CND-WT, expiring November 28, 2025) continue limited OTC trading amid these wind-down activities, with no active business combination pursuits as of late 2025.