Concord Acquisition II, the second blank check company formed by Atlas Merchant Capital targeting financial services and FinTech, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by Chairman Bob Diamond, the CEO and Founding Partner of Atlas Merchant Capital and former CEO of Barclays, and CEO Jeff Tuder, an Operating Partner at Atlas Merchant Capital and founder of Tremson Capital Management. Concord Acquisition II intends to target a business in the financial services and financial technology sectors, including payments, enterprise software, and data analytics.
Concord Acquisition II plans to list on the NYSE under the symbol CNDA.U. Citi, and Cowen acted as joint bookrunners on the deal.
