secwatch.observer — SEC 8-K summary
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Issuer:     Concord Acquisition Corp II (CNDA)
CIK:        0001851959
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001104659-24-067973
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851959/000110465924067973/0001104659-24-067973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851959/000110465924067973/tm2415558d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-067973

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer