cord Acquisition II(CNDA) - 2024 Q1 - Quarterly Report

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 ...