NEW YORK, Sept. 7, 2021 /PRNewswire/ -- Concord
Acquisition Corp II (the "Company") today announced the closing of
its initial public offering of 25,000,000 units on September 3, 2021. The offering was priced at
$10.00 per unit, generating total
gross proceeds of $250,000,000.
The units are listed on the New York Stock Exchange (the "NYSE")
and trade under the ticker symbol "CNDA.U." Each unit consists of
one share of the Company's Class A common stock and one-third of
one redeemable warrant. Each whole warrant entitles the holder
thereof to purchase one share of Class A common stock at a price of
$11.50 per share. Once the securities
comprising the units begin separate trading, the Company expects
that its Class A common stock and warrants will be listed on the
NYSE under the symbols "CNDA" and "CNDA.WS," respectively.
The Company was formed for the purpose of entering into a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue a merger opportunity in
any industry or sector, it intends to capitalize on the ability of
its management team and sponsor to identify, acquire and manage a
business in the financial services and financial technology
sectors, including payments, enterprise software, and data
analytics.
Citigroup Global Markets Inc. and Cowen and Company, LLC served
as joint book-running managers of the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, by telephone at (800)
831-9146 or by email at prospectus@citi.com; or Cowen and
Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, Attn: Prospectus Department,
by email at postSaleManualRequests@broadridge.com, or by
telephone at (833) 297-2926.
A registration statement relating to the securities has been
filed with the U.S. Securities and Exchange Commission (the "SEC")
and became effective on August 31,
2021. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
anticipated use of the net proceeds of the public offering. No
assurance can be given that the net proceeds of the offering will
be used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company's registration statement and prospectus for the
Company's offering filed with the SEC. Copies of these documents
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contact:
Concord Acquisition Corp II
Jeff Tuder
jeff@tremsoncapital.com
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SOURCE Concord Acquisition Corp II