{"id":397986,"date":"2020-12-10T20:05:17","date_gmt":"2020-12-11T01:05:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397986"},"modified":"2020-12-10T20:05:17","modified_gmt":"2020-12-11T01:05:17","slug":"concord-acquisition-corp-announces-closing-of-276-million-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/concord-acquisition-corp-announces-closing-of-276-million-initial-public-offering\/","title":{"rendered":"Concord Acquisition Corp Announces Closing of $276 Million Initial Public Offering"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Dec. 10, 2020<\/span> \/PRNewswire\/ —\u00a0Concord Acquisition Corp (the “Company”) today announced the closing of its initial public offering of 27,600,000 units, which included the full exercise of the underwriters’ over-allotment option. The offering was priced at $10.00<\/span> per unit, generating total gross proceeds of $276,000,000<\/span>. <\/p>\n

The units are listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “CND.U.” Each unit consists of one share of the Company’s Class A common stock and one-half 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<\/span> 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 “CND” and “CNDWS,” respectively.<\/p>\n

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.<\/p>\n

Cowen and Company, LLC served as sole book-running manager of the offering, and AmeriVet Securities served as co-manager. <\/p>\n

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Cowen and Company, LLC, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY<\/span>, 11717, Attn: Prospectus Department, email postSaleManualRequests@broadridge.com<\/a>, telephone: 833-297-2926. <\/p>\n

Registration statements relating to the securities have been filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on December 7, 2020<\/span>. 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.<\/p>\n

\n Forward-Looking Statements<\/b>\n <\/p>\n

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<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n

\n Contact:
<\/b>Concord Acquisition Corp
Jeff Tuder<\/span>
jeff@tremsoncapital.com<\/a><\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/concord-acquisition-corp-announces-closing-of-276-million-initial-public-offering-301190933.html<\/a><\/p>\n

SOURCE Concord<\/span><\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, Dec. 10, 2020 \/PRNewswire\/ —\u00a0Concord Acquisition Corp (the “Company”) today announced the closing of its initial public offering of 27,600,000 units, which included the full exercise of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, generating total gross proceeds of $276,000,000. The units are listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “CND.U.” Each unit consists of one share of the Company’s Class A common stock and one-half 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 … <\/p>\n

Continue reading “Concord Acquisition Corp Announces Closing of $276 Million Initial Public Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397986","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nConcord Acquisition Corp Announces Closing of $276 Million Initial Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/concord-acquisition-corp-announces-closing-of-276-million-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Concord Acquisition Corp Announces Closing of $276 Million Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 10, 2020 \/PRNewswire\/ —\u00a0Concord Acquisition Corp (the “Company”) today announced the closing of its initial public offering of 27,600,000 units, which included the full exercise of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, generating total gross proceeds of $276,000,000. The units are listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “CND.U.” Each unit consists of one share of the Company’s Class A common stock and one-half 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. 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