Concord Acquisition Corp III completes $345M IPO, deposits $351.9M in trust

GCT Semiconductor Holding, Inc.

Sold 34.5M units at $10 each, including full over-allotment exercise, gross $345M.
Private placement of 9.4M warrants at $1 each raised $9.4M; sponsor loans of $6.9M convertible to warrants.
Net proceeds of $351.9M placed in trust account for future business combination.
Audited balance sheet shows $354.8M total assets, $48.6M liabilities, $351.9M redeemable stock.
Company has 18 months (up to 24) to complete business combination or liquidate.

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