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.
Relativity in February announced a merger agreement with SVES, an off-price apparel distribution company based in Florida, at a pro forma enterprise value of $707.25 million.
The latest SPAC from Chairman Alec Gores plans to leverage management’s experience in industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products for a potential acquisition.
The $700.5 million deal was announced in November. Cash proceeds are expected to consist of up to approximately $136.04 million held in Murphy's trust account (before any redemptions and payment of expenses) and a $27 million PIPE.