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Concord Acquisition Corp II (NYSE: CNDA.U) announced that from October 22, 2021, holders of units sold in its September 3, 2021 IPO can trade Class A common stock and warrants separately. Only whole warrants will be issued upon separation, while unseparated units will continue trading under ticker CNDA.U. Class A common stock will trade under CNDA, and warrants under CNDA.WS. The offering's joint book-running managers were Citigroup Global Markets and Cowen, with AmeriVet Securities as a co-manager.
Concord Acquisition Corp II has successfully closed its initial public offering (IPO) of 25 million units on September 3, 2021, priced at $10.00 per unit, resulting in gross proceeds of $250 million. The units will trade on the NYSE under the ticker symbol CNDA.U, with plans for separate trading of shares and warrants under CNDA and CNDA.WS, respectively. The company aims to pursue mergers in the financial services and technology sectors.
Concord Acquisition Corp II has priced its initial public offering (IPO) at $10.00 per unit, totaling $250 million. The IPO includes 25,000,000 units, each consisting of one share of Class A common stock and one-third of a redeemable warrant. The trading on the NYSE under the ticker symbol CNDA.U is set to begin on September 1, 2021. The company anticipates closing the offering on September 3, 2021, subject to customary conditions. Citigroup Global Markets and Cowen and Company are the joint book-running managers for this offering.
