8-K
filed September 5, 2023, 7:59 PM ET
ticker CNDA
CIK 0001851959
other material
confidence high
sentiment neutral
materiality 0.65
Concord Acquisition Corp II extends deadline to June 2024; $137.8M in shares redeemed
Concord Acquisition Corp II
- Stockholders approved charter amendment extending business combination deadline from Sep 3, 2023 to June 3, 2024.
- 13,310,731 Class A shares redeemed at ~$10.35/share, for aggregate ~$137.8M; trust account now ~$152.2M.
- Sponsor allocated 2,326,496 Promote Shares to non-redeeming holders via Non-Redemption Agreements.
- Vote on charter amendment: 28,259,098 FOR, 3,440,229 AGAINST, 21,600 abstain; 90.60% quorum.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Concord Acquisition Corp II: Extended the date to consummate a business combination from the Termination Date to the Extended Date and removed the Redemption Limitation (effective 2023-08-29).
- Change
- charter amendment
- Effective
- 2023-08-29
Exact text from the filing
the Company filed an amendment to its amended and restated certificate of incorporation with the Delaware Secretary of State on August 29, 2023 (the “ Charter Amendment ”), to extend the date by which the Company has to consummate a business combination from the Termination Date to the Extended Date.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Concord Acquisition Corp II entered into Non-Redemption Agreements with third parties (effective 2023-08-23).
- Action
- entry
- Counterparty
- third parties
- Effective
- 2023-08-23
Exact text from the filing
on August 23, 2023, Concord Acquisition Corp II (the “Company”) and Concord Sponsor Group II LLC (the “Sponsor”), the Company’s sponsor, entered into one or more agreements (“Non-Redemption Agreements”) with one or more third parties
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Concord Acquisition Corp II shareholders approved Amend the charter to extend the business combination deadline and remove the redemption limitation at the 2023-08-29 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-08-29
Exact text from the filing
The stockholders approved the Charter Amendment to (1) extend the date by which the Company has to consummate a business combination from the Termination Date to the Extended Date and (2) remove the Redemption Limitation
View on SEC.gov
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