CNDA
Concord Acquisition Corp II11.42
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
80.07MP/E (TTM)
-Basic EPS (TTM)
-0.08Dividend Yield
0%Recent Filings
10-Q
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.
8-K
Auditor switch completed
Concord Acquisition Corp II switched auditors on March 21, 2025, after Marcum LLP resigned due to its attest business sale to CBIZ CPAs P.C., which the board promptly engaged as the new firm. Marcum's prior reports carried no disagreements but flagged going concern doubts and a material weakness in accounting for complex instruments. The transition appears smooth. No disruptions expected.
8-K
SPAC deadline extended
Concord Acquisition Corp II extended its deadline to complete a business combination from March 3, 2025, to December 31, 2025, after stockholders approved the charter amendment on February 28, 2025, with 6.9 million votes in favor. Yet 2.2 million shares redeemed for $23.8 million at $10.84 each, slashing the trust account to $92,709. This buys time for a deal but signals waning investor patience.
IPO
Sector
Industry
AACB
Artius II Acquisition Inc.
10.31+0.00
CCII
Cohen Circle Acquisition Corp.
10.23-0.03
CCIX
Churchill Capital Corp IX
10.57+0.00
CEPT
Cantor Equity Partners II, Inc.
10.85+0.00
CSTAF
Constellation Acquisition Corp
11.52+0.00
FTII
FutureTech II Acquisition Corp.
12.02+0.00
HOND
HCM II Acquisition Corp.
18.04+0.16
KFII
K&F Growth Acquisition Corp. II
10.31+0.00
SVII
Spring Valley Acquisition Corp.
12.70+0.00
SZZL
Sizzle Acquisition Corp. II
10.17+0.00