Concord Acquisition Corp II
CNDA-UN
Other OTC10.50
USD
-0.06
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Concord Acquisition Corp II
CNDA-UN
(Other OTC)
Recent
price
10.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Concord Acquisition Corp II (NYSE: CNDA-UN) is a blank check company sponsored by Concord Sponsor Group II LLC, an affiliate of Atlas Merchant Capital LLC, formed in 2021 and headquartered at 477 Madison Avenue, New York, NY; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, initially targeting the financial services and financial technology sectors including payments, enterprise software and data analytics. The company raised $280.1 million in its initial public offering on September 1, 2021, with proceeds fully held in trust at 100%; its securities trade on the New York Stock Exchange as units (CNDA-UN), Class A common stock (CNDA) and warrants (CNDA-WS exercisable at $11.50 per share). Led by CEO Jeff Tuder, Chairman Bob Diamond and CFO Michele Cito, with a board including industry experts in payments and fintech, it operates globally with a SPAC tenor extended multiple times, most recently to December 31, 2025 via stockholder approval in February 2025. In August 2024, it announced a merger agreement with Events.com, Inc., valuing the target at a pre-money equity value of $314 million and pro forma enterprise value of $399 million, under which Events.com would become a wholly-owned subsidiary and list on NYSE under RSVP; though the outside date passed, the company reports ongoing efforts amid low trust cash ($98,684 as of Q3 2025), liquidity strains, a going concern warning and NYSE delisting notice with plans to appeal and list on OTC Markets or Nasdaq. Recent financials show Q3 2025 net income of $1.3 million from non-cash gains, but a stockholders' deficit of $7.5 million and excise tax payable of $2.75 million following heavy redemptions leaving about 8,550 public shares outstanding.