Concord Acquisition Corp II (CNDA) Form 10-Q — Aug 13, 2026
Concord Acquisition Corp II, a blank-check company, reported Q2 2026 net income of $1.15 million, driven almost entirely by non-cash fair-value gains on its warrant liability and Capital Contribution Note, while disclosing substantial doubt about its ability to continue as a going concern. The SPAC's pending merger with Events.com is past the Outside Date (last extended to May 31, 2025), and the company is negotiating an amendment with no assurance both parties will agree, which could result in termination of the Merger Agreement.
Key figures
- Eps
- 0.16
- Net Income
- 1147619
- Total Assets
- 331470
- Cash Position
- 123573
- Eps Six Months2026
- 0.15
- Operating Costs Q2
- 58318
- Due To Related Party
- 605047
- Current Liabilities
- 6417825
- Excise Tax Liability
- 3124166
- Trust Account Balance
- 100597
- Ipo Gross Proceeds2021
- 250000000
- Net Income Q2 Prior Year
- 1453017
- Net Income Six Months2026
- 1060297
- Merger Consideration Base
- 314100000
- Operating Costs Six Months
- 371879
- Business Combination Deadline
- December 31, 2026
- Events Com Interim Financing Q2
- 225000
- Minimum Available Closing Cash
- 30000000
- Excise Tax Interest And Penalties
- 673790
- Public Class AShares Outstanding
- 8550
- Redemption Value Per Public Share
- 14.74
- Class BFounder Shares Outstanding
- 7002438
AI analysis
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