secwatch / observer
8-K filed December 5, 2022, 6:59 PM ET CIK 0001824301
other material confidence high sentiment negative materiality 0.95

Concord Acquisition Corp: Nasdaq/NYSE listing notice — Concord Acquisition Corp terminates Circle merger, will redeem shares at ~$10.17 and liquidate

Concord Acquisition Corp

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Concord Acquisition Corp received a nyse delisting notice notice regarding other (rules 802.01D).

Exchange
nyse
Notice
delisting notice
Rules
802.01D
Exact text from the filing
December 5, 2022, the New York Stock Exchange (the “NYSE”) notified Concord, and publicly announced, that the NYSE determined to commence proceedings to delist Concord’s warrants, each whole warrant exercisable to purchase one share of Concord’s Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), at a price of $11.50 per share, and listed to trade on the NYSE under the symbol “CND WS” (the “Warrants”), from the NYSE and that trading in the Warrants would be suspended immediately, due to “abnormally low” trading price levels pursuant to Section 802.01D of the NYSE Li
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Concord Acquisition Corp terminated Transaction Agreement with Circle Internet Financial Limited (effective 2022-12-05).

Action
termination
Agreement
merger
Counterparty
Circle Internet Financial Limited
Effective
2022-12-05
Exact text from the filing
On December 5, 2022, the parties to the Transaction Agreement and, solely for purposes of Sections 4 and 5 of the Termination Agreement (as defined below), Concord Sponsor Group LLC, a Delaware limited liability company ("Concord Sponsor"), and CA Co-Investment LLC, a Delaware limited liability company ("CA Co-Investment" and collectively with Concord Sponsor, "Sponsor") entered into a Termination Agreement (the "Termination Agreement") pursuant to which Concord and Circle mutually agreed to terminate the Transaction Agreement pursuant to Section 11.01(a) thereof (the "Termination").
View on SEC.gov

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Source: SEC EDGAR
accession 0001213900-22-077655
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