Sea Otter Advisors Discloses 174,000 Shares in Concord Acquisition III

TL;DR

**Sea Otter Advisors holds 174,000 shares of Concord Acquisition Corp III, signaling institutional interest.**

AI Summary

Sea Otter Advisors LLC, a Delaware-based entity, filed an amended SC 13G/A on January 9, 2024, disclosing its beneficial ownership in Concord Acquisition Corp III (NASDAQ: CNDB). As of December 19, 2023, Sea Otter Advisors LLC, along with group members Nicholas Fahey, Peter Smith, and Sea Otter Trading LLC, collectively hold shared voting and dispositive power over 174,000 shares of Class A Common Stock. This filing indicates a significant, though not controlling, stake by an institutional investor group, which could signal their confidence in the SPAC's future merger or acquisition plans.

Why It Matters

This filing shows an institutional investor's continued or updated stake in Concord Acquisition Corp III, which can influence investor sentiment and potentially signal confidence in the SPAC's ability to find a suitable merger target.

Risk Assessment

Risk Level: low — This is an informational filing about an existing stake, not a new investment or divestment, so it presents low immediate risk.

Analyst Insight

Investors should note that a significant institutional investor maintains a stake, which could be a positive signal, but this filing alone doesn't indicate any new buying or selling activity, so further research into Concord Acquisition Corp III's SPAC progress is warranted.

Key Numbers

• 174,000 — Shares Beneficially Owned (Represents the shared voting and dispositive power over Class A Common Stock by Sea Otter Advisors LLC and its group members.)
• 20240109 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
• 20231219 — Date of Event (The date that triggered the requirement for this filing, indicating the snapshot of ownership.)

Key Players & Entities

• Sea Otter Advisors LLC (company) — reporting person and beneficial owner
• Concord Acquisition Corp III (company) — the issuer of the securities
• Nicholas Fahey (person) — group member
• Peter Smith (person) — group member
• Sea Otter Trading LLC (company) — group member
• Delaware (company) — place of organization for Sea Otter Advisors LLC

Forward-Looking Statements

• Sea Otter Advisors LLC will maintain its stake in Concord Acquisition Corp III through its next significant corporate action. (Sea Otter Advisors LLC) — medium confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.0001 — suer) CLASS A COMMON STOCK, PAR VALUE $0.0001 (Title of Class of Securities) 2060

Filing Documents

• g1228233sc13ga1.htm (SC 13G/A) — 68KB
• 0001214659-24-000491.txt ( ) — 69KB

(a)

Item 1(a). Name of Issuer: CONCORD ACQUISITION CORP III

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 477 MADISON AVENUE NEW YORK, NY 10022

(a)

Item 2(a). Name of Person Filing: This statement is being jointly filed by: Sea Otter Advisors LLC ("Sea Otter") Sea Otter Trading LLC (the "Fund") Peter Smith ("Mr. Smith") Nicholas Fahey ("Mr. Fahey") Each of the forgoing is referred to as a "Reporting Person" snd collectively as the "Reporting Persons." Sea Otter serves as the investment manager to the Fund, Mr. Smith and Mr. Fahey are the managing memmbers of Sea Otter. By virtue of these relationships, each of Sea Otter, the Fund, Mr. Smith, and Mr. Fahey are deemed to beneficially own the Issuer's Common Shares directly owned by the Fund.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: THE ADDRESS OF THE BUSINESS OFFICE OF EACH OF THE REPORTING PERSONS IS 107 GRAND STREET, 7 TH FLOOR, NEW YORK, NY 10013

(c)

Item 2(c). Citizenship: USA

(d)

Item 2(d). Title of Class of Securities: COMMON STOCK

(e)

Item 2(e). CUSIP Number: 20607V106 Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under Section 15 of the Act; (b) ¨ Bank as defined in Section 3(a)(6) of the Act; (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act; (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940; (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) ¨ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 174,000 (b) Percent of Class: 4.41% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 174,000 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 174,000 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has

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