The SPAC, which is focused on fintech and financial services companies, in an amended S-1 filing cut its planned IPO to $200 million from the initial $250 million registered in October.
Concord plans to list on the NYSE under CND.U. Read more.
Ares II plans to focus on companies in North America, Europe or Asia. "We will pursue an initial business combination with an established business with scale, attractive growth prospects and sustainable competitive advantages," the SPAC said in the filing.
The SPAC will concentrate on the real estate, healthcare and technology sectors, especially companies engaged in digitalization of property management, operations and marketing, data storage & processing infrastructure and online & offline healthcare services.