Concord Acquisition III registered with the SEC to offer 25 million units at $10 each. A unit consists of one share of Class A common stock and one-third of one redeemable warrant; whole warrants exercisable at $11.50.
The new SPAC will focus on identifying a company in the financial services and financial technology sectors, including payments, enterprise software, and data analytics.
Concord III is led by CEO Jeff Tuder, an operating partner of Atlas as well as CEO of Concord I and III. His first Concord SPAC raised $276 million in a December IPO. Concord II filed for a $250 million IPO the same day as Concord III.
The SPAC said it will apply to list on the NYSE under CNDB.U. Read more.
