NYSE Says Concord III Shareholder Numbers Below Minimum Requirement

Concord Acquisition III said it was told by the NYSE that it does not comply with the 300 minimum sharehold requirement for a continued listing.

The SPAC said it will submit a plan to regain compliance within the 18-month grace period.

Concord Acquisition III and GCT Semiconductor in November announced a business combination agreement at an initial enterprise value of $461 million.

The target is a designer and supplier of advanced LTE, IoT and 5G semiconductor solutions. Read more.

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