Concord Acquisition III priced its upsizedd IPO of 30 million units, an increasse of 5 million more units than initially planned when the SPAC registered in March.
Units begin trading today on the NYSE under CNDB.U. Each consists of one share and one-half of a warrant. After the securities begin separate trading, stock and warrants will list under CNDB and CNDB.WS.
The SPAC intends to acquire and manage a business in the financial services and financial technology sectors, including payments, enterprise software, and data analytics.
Citigroup and Cowen are joint book-running managers for the offering. The underwriters may opt to purchase up to an additional 4.5 million units to cover over-allotments, if any. Read more.
