Concord Acquisition Corp II Announces Price of $ 250 Million Initial Public Offering

NEW YORK, August 31, 2021 / PRNewswire / – Concord Acquisition Corp II (the “Company”), today announced the price of its initial public offering of 25,000,000 units at a price of $ 10.00 per unit. The Units are expected to be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “CNDA.U” as of September 1, 2021. Each unit consists of one Class A common share of the Company and one third of a redeemable warrant. Each entire warrant entitles its holder to purchase one Class A common share at a price of $ 11.50 per share. Once the securities comprising the units begin to trade separately, the Company expects its Class A common shares and warrants to be listed on the NYSE under the symbols “CNDA” and “CNDA.WS” , respectively.

The Company was incorporated for the purpose of concluding a merger, a capital stock exchange, an acquisition of assets, a purchase of shares, a reorganization or a similar business combination with one or more companies. While the Company may pursue a merger opportunity in any industry or sector, it intends to capitalize on the ability of its management team and sponsor to identify, acquire and manage a business in the sectors of financial and financial technology services, including payments, business software, and data analytics.

Citigroup Global Markets Inc. and Cowen and Company, LLC are acting as joint book managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to 3,750,000 additional units at the initial public offering price to cover over-allotments, if any.

The offer is made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Citigroup Global Markets Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY11717, by phone at (800) 831-9146 or by mail electronic To[email protected]; or Cowen and Company, LLC, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attn: Prospectus Department, by email at [email protected], or by phone at (833) 297-2926.

A registration statement relating to the securities has been filed with the United States Securities and Exchange Commission (the “SEC”) and came into effect on August 31, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. before registration or qualification. under the securities laws of any such state or jurisdiction.

The offer is expected to close on September 3, 2021, subject to customary closing conditions.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed initial public offering and the intended use of the net proceeds thereof. No guarantee can be given that the offer discussed above will be carried out under the conditions described, or not at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s filed offering. with the SEC. Copies of these documents are available on the SEC website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

Contact:

Concord Acquisition Corp II
Jeff Tuder
[email protected]

SOURCE Concord Acquisition Corp II