8-K

Concord Acquisition Corp II (CNDA)

8-K 2024-09-03 For: 2024-09-03
View Original
Added on April 06, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of

report (Date of earliest event reported): September 3, 2024

Concord AcquisitionCorp II

(Exact name of registrant as specified in its charter)

Delaware<br><br> <br>**** (State or other jurisdiction<br> of incorporation) 001-40773<br><br> <br>**** (Commission File Number) 86-2171101<br><br> <br>(I.R.S. Employer<br> Identification No.)
477 Madison Avenue<br><br> <br>New York, NY<br><br> <br>(Address of principal executive offices) 10022<br><br> <br>(Zip Code)
--- ---

(212) 883-4330

(Registrant’s telephone number, including area code)

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading <br><br>Symbol(s) Name of each exchange on which <br><br>registered
Units, each consisting of one share of Class A Common Stock and one-third of one Warrant CNDA.U NYSE American LLC
Class A Common Stock, par value $0.0001 per share CNDA NYSE American LLC
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 CNDA.WS NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On September 3, 2024, Concord Acquisition Corp II (the “Company”) received a letter from the NYSE American LLC (“NYSE American” or the “Exchange”) stating that the staff of NYSE Regulation has determined to commence proceedings to delist the Company’s Class A Common Stock, Units and Warrants (collectively, the “Securities”) pursuant to Sections 119(b) and 119(f) of the NYSE American Company Guide because the Company failed to consummate a business combination within 36 months of the effectiveness of its initial public offering registration statement, or such shorter period that the Company specified in its registration statement. As a result of the determination, trading of the Company’s Securities on the NYSE American has been suspended.

As indicated in the letter, the Company has a right to a review of the delisting determination by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. The Company intends to make such a request, and seek to list the Securities on the OTC Markets for trading while the trading of the Securities on NYSE American is suspended. If the Company’s Securities are delisted from the NYSE American, the Company intends to seek a listing of its Securities on the Nasdaq Stock Market in connection with the consummation of the Company’s proposed initial business combination.

Item7.01 Regulation FD Disclosure

On September 3, 2024, the Company issued a press release regarding the matters discussed in Item 3.01, a copy of which is attached hereto as Exhibit 99.1.

The information in this Item 7.01 and Exhibit 99.1 attached hereto is furnished pursuant to the rules and regulation of the Securities and Exchange Commission (“SEC”) and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

CautionaryStatement Regarding Forward-Looking Statements

Statements contained in this Current Report on Form 8-K that are not historical facts may be forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. The Company does not undertake any obligation to update forward-looking statements as a result of new information, future events or developments or otherwise, except as required by applicable law or regulation.

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
--- ---
Exhibit No. Description
--- ---
99.1 Press Release, dated September 3, 2024.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CONCORD ACQUISITION CORP Ii
By: /s/ Jeff Tuder
Name: Jeff Tuder
Title:   Chief Executive Officer

Date: September 3, 2024

Exhibit 99.1

Concord Acquisition Corp II Navigates TransitionFollowing NYSE American Delisting Notice


Alternative Listing with Nasdaq Considered

New York, NY – September 3, 2024 – Concord Acquisition Corp II (NYSE: CNDA) (the “Company”) today announced that it has received notification from NYSE American LLC (“NYSE American” or the “Exchange”) indicating that the staff of NYSE has determined to initiate proceedings which may delist the Company’s Class A Common Stock, Units, and Warrants (collectively, the “Securities”). This step, anticipated as part of the Company’s strategic journey to the public markets, is due to the Company not completing a business combination within 36 months as required by Sections 119(b) and 119(f) of the NYSE American Listed Company Guide.

The Company has the right to request a review of this delisting determination by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. In line with its strategic plans, the Company intends to pursue this review and will seek to list its Securities on the OTC Markets for trading during the suspension on NYSE American. This transition is expected to be temporary as the Company remains hopeful that its appeal for an extension will be granted by the NYSE American. Simultaneously, the Company and its sponsor are actively exploring a listing on the Nasdaq.

Concord remains focused on the public process, continuing to work diligently to achieve its listing goals and enhance shareholder value.

About Concord AcquisitionCorp II

Concord Acquisition Corp II is a special purpose acquisition company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the financial services or financial technology industries.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company’s plan to request a review of the delisting determination and the Company’s plan to list the Securities on the OTC Markets. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.


Company Contact:

Concord Acquisition Corp II

Jeff Tuder

jeff@tremsoncapital.com