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Concord Acquisition Corp III (NYSE: CNDB.U) announced that investors can separately trade Class A common stock and warrants from its initial public offering starting December 27, 2021. The units sold in the IPO, completed on November 8, 2021, will continue to trade under the ticker CNDB.U. Separated Class A shares and warrants will trade under the symbols CNDB and CNDB.WS, respectively. Citigroup Global Markets Inc. and Cowen and Company, LLC acted as joint book-running managers for the offering.
Concord Acquisition Corp III has successfully closed its upsized IPO, raising $345 million by offering 34,500,000 units at $10.00 each, including an over-allotment of 4,500,000 units. The units will trade on the NYSE under the symbol CNDB.U, comprising one share of Class A common stock and one-half of a warrant. The company aims to pursue mergers in the financial services and technology sectors. Citigroup and Cowen acted as joint book-running managers for the offering, with effective registration statements filed with the SEC.