CNDA
Concord Acquisition Corp II11.42
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
80.07MP/E (TTM)
-Basic EPS (TTM)
-0.08Dividend Yield
0%Recent Filings
10-K
FY2025 results
Concord Acquisition Corp II ended FY2025 with $99K in its Trust Account after multiple extensions, including December's vote pushing the business combination deadline to December 31, 2026 with zero redemptions. No Q4 operating results as this blank-check company generated $556K net income, driven by $1.6M gain on Capital Contribution Note fair value and $133K Trust interest, offset by $1.3M costs. Cash outside Trust fell to $197K amid $2.9M excise tax liability (net of payments). Proposed Events.com merger awaits approvals; delisting risk looms. Sponsor controls 92% of votes.
8-K
SPAC extends deadline one year
Concord Acquisition Corp II stockholders overwhelmingly approved a charter amendment on December 16, 2025, extending the business combination deadline from December 31, 2025, to December 31, 2026. No redemptions occurred, preserving $99,263.38 in the trust account. Deadline extended. This buys the SPAC a full extra year to close a deal.
10-Q
Q3 FY2025 results
Concord Acquisition Corp II swung to a Q3 profit of $1.3M, or $0.18 per share, from a $4.5M loss last year, thanks to $962K gain on its Capital Contribution Note and $590K warrant liability mark-up—while operating costs fell 70% y/y to $255K. Trust dwindled to $99M after February redemptions, leaving $82K cash outside amid $2.8M excise tax payable. No revenue yet; it's a blank-checker chasing a merger with Events.com by December 31, 2025. Merger talks past outside date, but they're negotiating an extension. Cash stays tight. Delisting looms large.
10-Q
Q2 FY2025 results
Concord Acquisition Corp II posted a Q2 net income of $1.5M, up from $1.1M a year earlier, driven by a $1.0M gain on warrant liability fair value changes and $0.8M from the Capital Contribution Note, while operating costs fell 37% y/y to $359K amid lighter activity. Yet trust income plunged 99% y/y to $778 on the diminished $98K balance after heavy redemptions, leaving just 8,550 public shares outstanding. Cash outside trust sits at $20K, strained by a $2.6M excise tax liability from prior share buybacks. The proposed merger with Events.com, signed August 2024 for $314M in equity consideration plus earnouts, now faces extension talks past the May 2025 outside date. Delisting from NYSE American adds liquidity risks.
10-Q
Q1 FY2025 results
Concord Acquisition Corp II posted a Q1 net loss of $991K, swinging from a $690K profit last year, as operating costs climbed 37% y/y to $474K amid merger pursuits, while trust income plunged 92% y/y to $134K after heavy redemptions left just $97K in the account. Warrant liabilities drove a $1.5M fair-value hit, yet a $844K gain on the capital contribution note softened the blow; EPS dipped to -$0.12 from +$0.03, consistent across 8,550 redeemable Class A and 7M Class B shares with no dilution flags. Cash outside trust sits at $135K, strained by a $2.5M excise tax liability due soon, but $1M in interim financing from the Events.com deal bolsters liquidity for the pending merger—signed August 2024 for $314M in equity consideration plus earnouts up to 4M shares. Sponsors committed to forfeit 1M Class B shares at close. Delisting from NYSE American hangs as a regulatory shadow.
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