Concord Acquisition (CNDAW)

Company Profile

Concord Acquisition Corp (the “Company”) is a blank check company incorporated as a Delaware corporation on August 20, 2020. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (“Business Combination”).

Company profile

Ticker

CNDAW, CNDAW

Exchange

Incorporated

Location

Fiscal year end

Industry (SIC)

Pershing Square Tontine • Foley Trasimene Acquisition II • KKR Acquisition Holdings I • Austerlitz Acquisition Corp II • FTAC Hera Acquisition • Cohn Robbins • Polestar Automotive Holding UK • E.Merge Technology Acquisition • Slam • MSD Acquisition ...

SEC CIK

0001824301

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

IRS number

852642903

CNDAW stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

15-12G

Securities registration termination

Circle and Concord Acquisition Corp Mutually Agree to Terminate Proposed

5 Dec 22

PRER14A

Preliminary revised proxy

18 Nov 22

14 Nov 22

Preliminary revised proxy

9 Nov 22

PRER14A

Preliminary revised proxy

Latest ownership filings

View all

SC 13G

683 Capital Management, LLC

26 Sep 22

Change in insider ownership

17 Aug 22

Initial statement of insider ownership

Beryl Capital Management LLC

14 Feb 22

SC 13G/A

683 Capital Management, LLC

14 Feb 22

SC 13G/A

ARK Investment Management LLC

Financial summary

Financial statements Chart CNDAW financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	279.44 k	279.44 k	279.44 k	279.44 k	279.44 k	279.44 k
Cash burn (monthly)	(no burn)	5.50 k	67.35 k	57.58 k	(no burn)	1.14 mm
Cash used (since last report)	n/a	21.79 k	266.69 k	228.02 k	n/a	4.51 mm
Cash remaining	n/a	257.65 k	12.75 k	51.42 k	n/a	-4.23 mm
Runway (months of cash)	n/a	46.8	0.2	0.9	n/a	-3.7

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

CNDAW institutional ownership history Ownership history

91.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	69	76	-9.2%
Opened positions	8	17	-52.9%
Closed positions	15	14	+7.1%
Increased positions	13	15	-13.3%
Reduced positions	19	14	+35.7%

13F shares	Current	Prev Q	Change
Total value	202.23 mm	5.23 bn	-96.1%
Total shares	26.07 mm	25.66 mm	+1.6%
Total puts	24.70 k	57.70 k	-57.2%
Total calls	67.90 k	270.10 k	-74.9%
Total put/call ratio	0.4	0.2	+70.3%

Largest owners	Shares	Value	Change
Concord Sponsor	5.94 mm	$0.00	0.0%
Sculptor Capital	2.85 mm	$28.67 mm	0.0%
683 Capital Management	1.55 mm	$15.58 mm	+15.7%
Meteora Capital	1.15 mm	$11.60 mm	-20.6%
D. E. Shaw & Co.	1.13 mm	$11.34 mm	0.0%
Azora Capital	1.07 mm	$10.73 mm	+4.9%
Farallon Capital Management	1.01 mm	$10.10 mm	0.0%
Cubist Systematic Strategies	760.65 k	$7.65 mm	+2.8%
Kepos Capital	750.00 k	$7.54 mm	-28.6%
EJF Capital	749.70 k	$7.53 mm	NEW

Largest transactions	Shares	Bought/sold	Change
EJF Capital	749.70 k	+749.70 k	NEW
Rpo	732.34 k	+732.34 k	NEW
Glazer Capital	201.49 k	-556.80 k	-73.4%
Gillson Capital	342.74 k	-502.41 k	-59.4%
Citadel Advisors	370.24 k	+370.24 k	NEW
Omni Event Management	368.53 k	-317.04 k	-46.2%
Meteora Capital	1.15 mm	-300.14 k	-20.6%
Kepos Capital	750.00 k	-300.00 k	-28.6%
Beryl Capital Management	275.00 k	+275.00 k	NEW
Boothbay Fund Management	241.67 k	+241.67 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CNDAW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value
16 Aug 22	Sculptor Capital Management	Warrant Class A Common Stock	Sell	Dispose S	Yes	No	1.31	13,039	17.08 k
16 Aug 22	Sculptor Capital Management	Warrant Class A Common Stock	Sell	Dispose S	Yes	No	1.31	9,779	12.81 k
16 Aug 22	Sculptor Capital Management	Warrant Class A Common Stock	Sell	Dispose S	Yes	No	1.31	43,378	56.83 k

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Circle And SPAC Abandon Plan To Issue IPO, CEO Calls It 'Disappointing': What's Next

5 Dec 22

The board of both Circle Internet Financial and Concord Acquisition Corp.

Circle and Concord Acquisition Corp Mutually Agree To Terminate Proposed Business Combination

5 Dec 22

Circle Internet Financial (Circle) and Concord Acquisition Corp (NYSE:CND), a publicly traded special purpose acquisition company, today announced the mutual termination of their proposed business combination

Press releases

From Benzinga Pro

Concord Acquisition Corp Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

5 Dec 22

New York, New York, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Concord Acquisition Corp (NYSE:CND) (the "Company") today announced that it will redeem all of its outstanding shares of Class A common stock (the "public shares"),

Circle and Concord Acquisition Corp Mutually Agree to Terminate Proposed Business Combination

5 Dec 22

BOSTON, Dec. 5, 2022 /PRNewswire/ -- Circle Internet Financial (Circle) and Concord Acquisition Corp (NYSE:CND), a publicly traded special purpose acquisition company, today announced the mutual termination of their