Concord Acquisition Corp Announces Closing of $276 Million Initial Public Offering

Concord Acquisition Corp Announces Closing of $276 Million Initial Public Offering
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NEW YORK, Dec. 10, 2020 /PRNewswire/ -- Concord Acquisition Corp (the "Company") today announced the closing of its initial public offering of 27,600,000 units, which included the full exercise of the underwriters' over-allotment option. The offering was priced at $10.00 per unit, generating total gross proceeds of $276,000,000.
The units are listed on the New York Stock Exchange (the "NYSE") and trade under the ticker symbol "CND.U." Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the NYSE under the symbols "CND" and "CNDWS," respectively.

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