The SPAC, which is focused on fintech and financial services companies, in an amended S-1 filing cut its planned IPO to $200 million from the initial $250 million registered in October.
Concord plans to list on the NYSE under CND.U. Read more.
Aesther in May entered into a merger agreement with United Gear & Assembly, a manufacturer of high precision gears for electric vehicles and other developing industries.
While the move was expected, Digital World previously said that Donald Trump’s company disagrees with the SPAC’s interpretation of its liquidation deadline.
Terms call for Enovix to receive $385 million in net cash, after expenses consisting of approximately $230 million cash held in trust by the SPAC and a $175 million concurrent PIPE of common stock issued at $14 per share.