Concord Acquisition Corp II secures extension to March 2025; $132.7M redeemed, trust drops to $23.4M

Concord Acquisition Corp II

Stockholders approved charter amendment extending business combination deadline to March 3, 2025.
Non-Redemption Agreements: up to 75,000 promote shares for first 6 months plus 9,000/month; sponsor forfeits Class B shares.
New $650K promissory note from sponsor replaces prior $350K note; non-interest bearing, due at business combination.
12,498,716 Class A shares redeemed at ~$10.61/share totaling ~$132.7M, leaving ~$23.4M in trust.
Vote: 15,258,911 FOR, 3,337,303 AGAINST; 85.69% of shares represented.

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