Harraden Circle Investments Discloses Stake in Concord Acquisition Corp III
Ticker: GCTS-WT · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1851961
| Field | Detail |
|---|---|
| Company | Concord Acquisition Corp III (GCTS-WT) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, new-stake, SC-13G
TL;DR
**Harraden Circle Investments just revealed a new stake in Concord Acquisition Corp III.**
AI Summary
Harraden Circle Investments, LLC, a Delaware-based entity, reported its ownership in Concord Acquisition Corp III (NASDAQ: CNDB) as of December 31, 2023. This SC 13G filing indicates that Harraden Circle Investments, LLC holds a significant stake, which is important for investors as it signals a notable institutional interest in the company, potentially influencing stock stability and future strategic decisions.
Why It Matters
This filing reveals a new institutional investor, Harraden Circle Investments, LLC, has taken a position in Concord Acquisition Corp III, which can be seen as a vote of confidence in the company's future prospects.
Risk Assessment
Risk Level: low — This filing indicates a new institutional investor, which generally adds stability and positive sentiment, thus lowering risk.
Analyst Insight
A smart investor would research Harraden Circle Investments, LLC's investment strategy and consider why they've taken a position in Concord Acquisition Corp III, potentially seeing it as a positive signal for the stock.
Key Players & Entities
- Harraden Circle Investments, LLC (company) — reporting person and investor in Concord Acquisition Corp III
- Concord Acquisition Corp III (company) — subject company in which shares are held
- Delaware (company) — place of organization for Harraden Circle Investments, LLC
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Other institutional investors may follow Harraden Circle Investments, LLC's lead and also take positions in Concord Acquisition Corp III. (Concord Acquisition Corp III) — medium confidence, target: Q2 2024
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically filed under Rule 13d-1(c) of the Securities Exchange Act of 1934.
Who is the reporting person in this SC 13G filing?
The reporting person is Harraden Circle Investments, LLC, with a business address at 299 Park Ave, 21st Floor, New York, NY 10171.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the securities of Concord Acquisition Corp III is 20607V106.
What is the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the state of incorporation for the subject company, Concord Acquisition Corp III?
Concord Acquisition Corp III is incorporated in Delaware, as indicated by the 'STATE OF INCORPORATION: DE' in the company data.
Filing Stats: 1,522 words · 6 min read · ~5 pages · Grade level 11.2 · Accepted 2024-01-31 06:23:57
Key Financial Figures
- $0.0001 — ities Class A Common Stock, par value $0.0001 per share (Shares) Item2(e). CUSIP N
Filing Documents
- d643720dsc13g.htm (SC 13G) — 91KB
- d643720dex991.htm (EX-99.1) — 6KB
- 0001193125-24-020145.txt ( ) — 99KB
From the Filing
SC 13G 1 d643720dsc13g.htm SC 13G SC 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.)* Concord Acquisition Corp III 20607V106 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Continued on following pages Page 1 of 11 Pages Exhibit Index: 10 Page CUSIP No. 20607V106 Page 2 of 10 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investments, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 136,015 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 136,015 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 136,015 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.45% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, HC, IA CUSIP No. 20607V106 Page 3 of 10 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors GP, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 110,459 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 110,459 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 110,459 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.80% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN, HC CUSIP No. 20607V106 Page 4 of 10 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors GP, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 110,459 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 110,459 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 110,459 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.80% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, HC CUSIP No. 20607V106 Page 5 of 10 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 110,459 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 110,459 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 110,459 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.80% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No. 20607V106 Page 6 of 10 Pages 1 NAMES OF REPORTING PERSONS Frederick V. Fortmiller, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 136,015 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 136,015 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 136,015 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.45% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC CUSIP No. 20607V106 Page 7 of 10 Pages Item1(a). Name of Issuer Concord Acquisition Corp III (the issuer) Item1(b). Address of Issuers Principal Executive Offices 477 Madison Avenue, New