Concord Acquisition announced the closing of its IPO of 27,600,000 units, which included the full exercise of the underwriters’ over-allotment option. The offering was priced at $10 per unit, generating proceeds of $276 million.
The SPAC has said it will focus on businesses that are fundamentally sound “but potentially in need of some form of financial, operational, strategic or managerial guidance to maximize value.”
Concord trades on the NYSE under CND.U.
