other material
confidence high
sentiment neutral
materiality 0.50
Concord Acquisition Corp II closes partial over-allotment, adds $30.1M to trust
Concord Acquisition Corp II
- Underwriters partially exercised over-allotment, purchasing 3,009,750 units at $10.00 each, grossing $30,097,500.
- Private placement of 401,300 additional warrants at $1.50 each to Sponsor and CA2 Co-Investment raised $601,950.
- Total trust account now holds $280,097,500 from IPO and over-allotment, up from $250M.
- Founder share forfeiture reduced: 752,437 Class B shares no longer subject to forfeiture; 185,063 remain.