Financial Performance - The Company had net income of $1,106,895 for the three months ended June 30, 2024, compared to $2,832,037 for the same period in 2023 [124]. - For the six months ended June 30, 2024, the Company reported net income of $1,796,413, down from $5,592,046 in the same period of 2023 [125]. - The underwriters waived the right to a deferred commission of $9,803,413, resulting in a recognition of $595,921 of income for the Company [115]. - The Company has not generated any operating revenues to date and relies on non-operating income from interest and changes in fair value of liabilities [123]. Business Combination and Agreements - The Company has extended the deadline for consummating a Business Combination from June 3, 2024, to March 3, 2025, with an additional redemption amount of $132,667,234 for 12,498,716 shares [122]. - The Company announced a non-binding letter of intent for a Business Combination with a fintech and SaaS platform in May 2024 [118]. - The Company has until March 3, 2025, to consummate a Business Combination, after which mandatory liquidation will occur if not completed [130]. - The Company has agreed to issue 600,000 Class A common shares to the Capital Contribution Note Investor upon closing of the initial Business Combination [117]. - The Company has incurred significant costs in pursuit of acquisition plans and expects to continue incurring expenses related to being a public company [112]. Financial Liabilities and Arrangements - As of June 30, 2024, the Company had $525,404 in cash held outside the Trust Account, with an excise tax liability of $2,687,721 [126]. - The Company issued an unsecured promissory note of up to $650,000 to the Sponsor, which does not bear interest and is payable upon consummation of the initial business combination [133]. - A deferred underwriting commission of $4,127,237 is owed to underwriters upon completion of the Company's initial Business Combination [134]. - The Company has accrued $1,000,000 for a transaction fee to a capital markets advisor, contingent upon the consummation of an initial business combination [135]. - As of June 30, 2024, the Company has borrowed $600,000 under the Capital Contribution Note, with no additional borrowings available [137]. - As of June 30, 2024, the Company has no off-balance sheet financing arrangements or long-term liabilities affecting liquidity [131]. Regulatory and Reporting Status - The Company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards [140]. - The Company is evaluating the benefits of reduced reporting requirements under the JOBS Act, which may exempt it from certain disclosures for five years post-IPO [141]. - The Company is classified as a smaller reporting company and is not required to provide certain market risk disclosures [142]. Capital Raising Activities - The Company entered into a March Subscription Agreement to raise $600,000 for working capital, issuing 600,000 Class A common shares in return [136]. - The Company entered into Non-Redemption Agreements in May 2024, agreeing to issue 75,000 shares of Class A common stock for the first six months of extension [120].

NEW YORK, May 23, 2024 /PRNewswire/ -- Concord Acquisition Corp II (NYSE: CNDA) (the "Company") announced today that it will transfer the listing of its Class A common stock, units and warrants from the New York Stock Exchange to NYSE American LLC ("NYSE American"). The Company anticipates its Class A common stock, units and warrants will begin trading on NYSE American on Wednesday, May 29, 2024 under its current ticker symbols of CNDA, CNDA.U and CNDA.WS. The Company's Class A common stock, units and warra ...

Once the warrants become exercisable, the Company may redeem the outstanding public warrants: The "fair market value" of the Class A common stock shall mean the average last reported sale price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants. This redemption feature differs from the typical warrant redemption features used in many other blank check offerings. In no event will the warran ...

SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (NYSE: FRGE) (“Forge”), a global private securities marketplace, announced today the appointment of Larry Leibowitz to its Board of Directors, as well as its Compensation Committee. Mr. Leibowitz brings to Forge decades of entrepreneurial and corporate leadership experience in capital markets, financial technology and asset management. He is currently the CEO of Entrypoint Capital, a quantitative investment management firm, and has also held exe ...

56 ITEM 3. LEGAL PROCEEDINGS We have not paid any cash dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our initial business combination will be within the d ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Concord Acquisition Corp II (Exact name of registrant as specified in its charter) Delaware 001-40773 86-2171101 (State or other jurisdiction of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Concord Acquisition Corp II (Exact name of registrant as specified in its charter) | --- | --- | --- | |--------------------------------------------- ...

UNITED STATES Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Concord Acquisition Corp II (Exact name of registrant as specified in its charter) Delaware 001-40773 (State or other jurisdiction of incorporation or organization) (Commission File Number) 477 Madison Avenue Ne ...

Under the NYSE's listing rules, stockholder approval would typically be required for our initial business combination if, for example: ● we issue (other than in a public offering for cash) shares of common stock that will either (a) be equal to or in excess of 20% of the number of shares of common stock then outstanding or (b) have voting power equal to or in excess of 20% of the voting power then outstanding; ● any of our directors, officers or substantial security holders (as defined by the NYSE rules) ha ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of Each Class:Trading Symbol:Name of Each Exchange on Which Registered: Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant CNDA.U The New York Stock Exchange Class A common stock, par value $0.0001 per shareCNDA The New York Stock Exchange Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 CNDA.WS The New Yo ...