Concord Acquisition II announced that it will transfer the listing of its Class A stock, units and warrants from the New York Stock Exchange to NYSE American.
The SPAC anticipates the securities will begin trading on NYSE American on May 29 under the existing ticker symbols of CNDA, CNDA.U and CNDA.WS. The securities will continue to trade under the same ticker symbols on the New York Stock Exchange until the transfer is complete.
Concord II earlier this week disclosed that it entered into a non-binding letter of intent for a business combination “with an industry-leading marketplace and SaaS platform in the fintech, events management, AI, and consumer engagement space.”
The SPAC’s shareholders are scheduled to vote on a 9-month deadline extension proposal on May 30. The current deadline is June 3.
The SPAC holds nearly $156 million in trust, according to a proxy filed earlier this month.
Formed by Atlas Merchant Capital, the SPAC raised $280 million in a 2021 IPO with plans to acquire a business in the financial services and financial technology sectors. Read more.
