Concord Acquisition Corp. III (CNDB.U) Prices Upsized $300M IPO


Concord Acquisition Corp. III (CNDB.U) Prices Upsized $300M IPO

Concord Acquisition Corp. III announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “CNDB.U” Thursday, November 4.

The new SPAC intends to combine with an established business in the financial services and financial technology sectors, including payments, enterprise software, and data analytics, that can benefit from differentiated deal flow. Concord III is led by CEO Jeff Tuder, CFO Michele Cito, and Chairman of the Board Bob Diamond.

Total SPAC deal count for 2021 year-to-date is now 521. This offering is expected to close on Monday, November 8.

Citigroup and Cowen are acting as the joint book-running managers for this offering. Greenberg Traurig, LLP is serving as Issuer’s Counsel with DLA Piper LLP (US) serving as Underwriter’s Counsel.  Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.