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Concord Acquisition Corp III - $CNDB STOCK NEWS

Welcome to our dedicated page for Concord Acquisition III news (Ticker: $CNDB), a resource for investors and traders seeking the latest updates and insights on Concord Acquisition III stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Concord Acquisition III's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Concord Acquisition III's position in the market.

News
GCT Semiconductor Becomes a Publicly Traded Company After Completing Business Combination with Concord Acquisition Corp III, Will Commence Trading on NYSE Under Ticker Symbol "GCTS"
Rhea-AI Summary
GCT Semiconductor, Inc. completes its business combination with Concord Acquisition Corp III, valuing GCT at $461 million with a pro forma enterprise value of $667 million. The transaction provides GCT with $50 million in gross proceeds for developing a full-band 5G chipset portfolio and expanding into new markets. GCT's transition into a publicly listed company on NYSE under ticker symbols 'GCTS' and 'GCTSW' marks a significant milestone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
568.69%
Tags
acquisition
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News
GCT Semiconductor Announces Appointment of Edmond Cheng as Chief Financial Officer
Rhea-AI Summary
GCT Semiconductor, Inc. appoints Edmond Cheng as Chief Financial Officer, bringing over 25 years of global leadership experience. Cheng's expertise will be crucial as GCT plans to go public soon through a business combination transaction with Concord Acquisition Corp. III. Cheng's previous roles include CFO positions at Cenntro Inc., Mithera Capital, TCL Electronics Holdings, UTStarcom Inc., and Zoomlion Heavy Industry Science & Technology Co. He holds an MBA from Columbia University and has a strong background in financial management, corporate development, and cross-border mergers & acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.29%
Tags
management
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News
GCT Semiconductor and Concord Acquisition Corp III Announce Effectiveness of Registration Statement on Form S-4
Rhea-AI Summary
GCT Semiconductor, Inc. and Concord Acquisition Corp III are moving forward with their proposed business combination, with a special meeting scheduled for February 27, 2024. The combined company's shares are expected to trade on the NYSE under the symbols 'GCTS' and 'GCTSW' after the completion of the audit of GCT's financial statements for the fiscal year ended December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
acquisition
News
Concord Acquisition Corp III Receives Noncompliance Notification from the New York Stock Exchange Regarding Minimum Public Stockholders
Rhea-AI Summary
Concord Acquisition Corp III received a notification from the New York Stock Exchange regarding non-compliance with the minimum number of public stockholders requirement. The company has 45 days to submit a business plan to return to compliance within 18 months. The notice has no immediate impact on the company's common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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acquisition
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News
GCT Semiconductor to Become Publicly Listed via Merger with Concord Acquisition Corp III, Enhancing the 5G Silicon Ecosystem
Rhea-AI Summary
GCT Semiconductor, a leading semiconductor solutions provider, is set to become a publicly traded company through a business combination agreement with Concord Acquisition Corp III. The transaction values GCT at an initial enterprise value of $461 million, with a total pro forma enterprise value of $661 million. The combined company is expected to receive approximately $87 million in gross proceeds at closing. The transaction is set to fuel GCT's 5G product development and expansion into new markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
acquisition
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News
Concord Acquisition Corp III Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About December 27, 2021
Rhea-AI Summary
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acquisition
News
Concord Acquisition Corp III Announces Full Exercise of Underwriters' Over-Allotment Option and Closing of Upsized $345 Million Initial Public Offering
Rhea-AI Summary
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End-of-Day
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IPO offering acquisition
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Concord Acquisition Corp III

NYSE:CNDB

CNDB Rankings

N/A Ranked by Market Cap
#1586 Ranked by Stock Gains
N/A Ranked by Dividends

CNDB Stock Data

82.69M
4.52M
0.06%
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