secwatch.observer — SEC 8-K summary
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Issuer:     Concord Acquisition Corp II (CNDA)
CIK:        0001851959
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0001104659-24-093130
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851959/000110465924093130/0001104659-24-093130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851959/000110465924093130/tm2422691d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-093130

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