Concord Acquisition Corp II (CNDA) to merge with Events.com in $314M SPAC deal

Concord Acquisition Corp II

Agreed to merge with Events.com, Inc.; aggregate equity consideration of $314.1M plus earnout of up to 4M shares.
Post-closing, the company will be named Events.com, Inc. CEO Mitch Thrower and President/COO Steven Partridge will receive Class B stock, giving them majority voting power.
Closing conditions include minimum $30M available cash, stockholder approvals, and NYSE listing; outside date March 3, 2025.
Sponsor and CA2 agree to vote for, not redeem, and forfeit 1M Class B shares; lock-up for founders up to one year.
Tax Receivable Agreement to pay 85% of tax benefits from pre-closing attributes to certain Events.com shareholders.

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