Concord Acquisition Corp II (OTCID: CNDA) is a special purpose acquisition company (SPAC) incorporated to identify and complete a merger or business combination with a target operating company. The company holds IPO proceeds in a Trust Account and generates no operating revenue; its economic model depends entirely on successfully closing an initial business combination before its deadline of December 31, 2026. Formed by members of the Atlas Merchant Capital team, including Chairman Bob Diamond (Founding Partner and CEO of Atlas Merchant Capital LLC and former CEO of Barclays), the company has targeted the financial technology sector as its primary search area. As of the 10-K filed March 25, 2026, the company entered into a merger agreement with Events.com, Inc. on August 26, 2024. The company's securities were delisted from NYSE American in September 2024 after failing to complete a business combination within 36 months of its IPO, and its Class A common stock (CNDA) and units (CNDAU) subsequently moved to the OTC IDT Basic Market, with warrants (CNDAW) trading on the OTCQB Venture Market as of October 21, 2024.

Revenue model

No operating revenue. The company holds IPO proceeds in a Trust Account and has no revenue-generating business. Working capital is funded through sponsor contributions, including a $600,000 capital contribution arranged under a March 2024 subscription agreement. Costs including a $1,000,000 accrued capital markets advisor fee (as of December 31, 2025 and 2024) are expected to be paid from Trust Account proceeds upon completion of a business combination.

Products and services

A blank check shell company with no products or services. Its sole activity is sourcing, evaluating, and executing an initial business combination. Publicly traded instruments include Class A common stock (CNDA), units (CNDAU), and redeemable warrants exercisable at $11.50 per share (CNDAW), as of October 2024.

Customers and end markets

No customers. Target end market for acquisition was identified as financial technology. The pending merger agreement signed August 26, 2024 names Events.com, Inc., a California corporation, as the combination target.

Value-chain role

SPAC sponsor and acquisition vehicle. Atlas Merchant Capital LLC serves as sponsor. The management team sources acquisition targets, structures transactions, and aims to deliver a completed business combination to public shareholders before the December 31, 2026 deadline.

Geographic exposure

Incorporated in the United States. No operating geographic footprint disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-03-25

Industry: Blank Checks