Concord Acquisition II said that the underwriters of its IPO partially exercised their over-allotment option, resulting in the issuance of an additional 3,009,750 units at $10 each. The SPAC has now raised $280.1 million.
Each unit consists of one share of Class A common stock and one-third of a redeemable warrant.
Once the securities begin separate trading, stock and warrants are expected to list on the NYSE under CNDA and CNDA.WS.
Citigroup and Cowen were joint book-running managers of the offering. AmeriVet Securities was co-manager.
Formed by Atlas Merchant Capital, the new SPAC intends to acquire a business in the financial services and financial technology sectors, including payments, enterprise software, and data analytics. Read more.
