Concord Acquisition Corp II completes $250M IPO, deposits net proceeds into trust

Concord Acquisition Corp II

IPO of 25M units at $10.00/unit raised $250M gross; each unit includes one Class A share and 1/3 warrant.
Private placement of 5M warrants at $1.50 each raised $7.5M from sponsors and anchor investors.
$250M from IPO and private placement deposited into trust account for public stockholders.
As of Sept 3, 2021: total assets $253.4M, warrant liability $17.9M, deferred underwriting discount $8.75M.
22,090,823 Class A shares subject to possible redemption recorded at $220.9M as temporary equity.

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