Concord Acquisition Corp III to Delist from NYSE on Jan 19, 2024

TL;DR

**CNDB is delisting from NYSE, expect liquidity issues and potential value drop.**

AI Summary

Concord Acquisition Corp III (NYSE: CNDB) announced on January 19, 2024, that its Class A common stock, warrants, and units will be delisted from the New York Stock Exchange (NYSE). This delisting is a critical event for investors because it signals the company's failure to meet continued listing standards, which often precedes a liquidation or a move to over-the-counter markets, potentially impacting liquidity and stock value for current shareholders.

Why It Matters

Delisting from the NYSE significantly reduces a stock's visibility and liquidity, making it harder for investors to buy or sell shares and potentially leading to a decline in value.

Risk Assessment

Risk Level: high — Delisting from a major exchange like the NYSE is a severe event that typically indicates significant operational or financial distress for a company.

Analyst Insight

A smart investor would consider liquidating any holdings in Concord Acquisition Corp III promptly, as delisting typically leads to decreased liquidity and potential further price depreciation.

Key Players & Entities

• Concord Acquisition Corp III (company) — the registrant delisting from NYSE
• New York Stock Exchange (company) — the exchange from which the company is delisting
• January 19, 2024 (date) — date of earliest event reported regarding delisting
• 001-41013 (other) — Commission File Number
• 86-2171699 (other) — I.R.S. Employer Identification No.

Forward-Looking Statements

• Concord Acquisition Corp III's stock price will experience significant volatility and likely decline due to reduced liquidity. (Concord Acquisition Corp III) — high confidence, target: 2024-03-31
• The company will likely transition to trading on an over-the-counter (OTC) market. (Concord Acquisition Corp III) — medium confidence, target: 2024-06-30

FAQ

Key Financial Figures

• $0.0001 — hange Class A Common Stock, par value $0.0001 per share CNDB The New York Stock E
• $11.50 — A Common Stock at an exercise price of $11.50 CNDB.WS The New York Stock Exchange

Filing Documents

• tm243939d1_8k.htm (8-K) — 38KB
• tm243939d1_ex99-1.htm (EX-99.1) — 7KB
• 0001104659-24-006497.txt ( ) — 272KB
• cndb-20240119.xsd (EX-101.SCH) — 4KB
• cndb-20240119_def.xml (EX-101.DEF) — 27KB
• cndb-20240119_lab.xml (EX-101.LAB) — 36KB
• cndb-20240119_pre.xml (EX-101.PRE) — 25KB
• tm243939d1_8k_htm.xml (XML) — 6KB

01 Regulation

Item 7.01 Regulation FD Disclosure On January 25, 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.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. 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 submit a business plan to NYSE that demonstrates how the Company expects to return to compliance with the Listing Rule within 18 months of receipt of the Notice. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Factors that may cause such differences include, without limitation, the Company's ability to timely prepare a business plan that demonstrates how the Company expects to return to compliance with the Listing Rule within 18 months of receipt of the Notice, and other risks and uncertainties indicated from time to time in filings with the SEC, including the definitive proxy statement and the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, in each case under the heading "Risk Factors," and other documents the Company has filed, or will file, with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated January 25, 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 IIi By: /s/ Jeff Tuder Name: Jeff Tuder Title: Chief Executive Officer Date: January 25, 2024

View Full Filing

View this 8-K filing on SEC EDGAR