{"url_path":"/sec/cndaw/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1851959/0001104659-26-060465-index.html","accession_number":"0001104659-26-060465","cik":"0001851959","ticker":"CNDA","issuer_name":"Concord Acquisition Corp II","edgar_url":"https://www.sec.gov/Archives/edgar/data/1851959/0001104659-26-060465-index.html","primary_entity_key":"0001851959","primary_entity_name":"Concord Acquisition Corp II"},"word_count":605,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**\n\nOn September 3, 2021, the Company completed its IPO of 25,000,000 Units, generating gross proceeds of $250,000,000. On September 28, 2021, the Underwriters partially exercised their option to purchase additional Units, resulting in the issuance of an additional 3,009,750 Units (the “Option Units”), generating additional proceeds of $30,097,500.\n\nOn September 3, 2021, simultaneously with the consummation of the IPO, the Company completed a private placement of an aggregate of 5,000,000 warrants (the “Private Placement Warrants”) to the Sponsors and two anchor investors at a price of $1.50 per Private Placement Warrant, generating total gross proceeds of $7,500,000 (the “Private Placement”). On September 28, 2021, in connection with the sale of Option Units, the Company consummated a private sale of an additional 401,300 Private Placement Warrants to the Sponsors (the “Additional Private Placement Warrants”) at a price of $1.50 per Additional Private Placement Warrant, generating gross proceeds of $601,950.\n\nFor a description of the use of the proceeds generated in our Initial Public Offering, see Part I, Item 2 of this Quarterly Report.\n\nOn August 29, 2023, the Company’s stockholders approved at the special meeting of stockholders a proposal to amend the Company’s charter to extend the date by which the Company has to consummate a business combination from the Termination Date to the Extended Date. In connection with the votes to approve the Charter Amendment, the holders of 13,310,731 shares of Class A common stock of the Company properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.35 per share, for an aggregate redemption amount of $137,792,552, leaving $152,164,096 in the Trust Account immediately after the redemptions.\n\nOn May 31, 2024, the Company’s stockholders approved at the special meeting of stockholders a proposal to amend the Company’s charter to extend the date by which the Company has to consummate a business combination from the First Extended Date to the Second Extended Date. In connection with the votes to approve the Second Charter Amendment, the holders of an additional 12,498,716 shares of Class A common stock of the Company properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.61 per share, for an aggregate redemption amount of $132,667,234, leaving $23,355,048 in the Trust Account immediately after the redemptions.\n\nOn February 28, 2025, the Company’s stockholders approved at the special meeting of stockholders a proposal to amend the Company’s charter to extend the date by which the Company has to consummate a Business Combination from March 3, 2025 to December 31, 2025, or such earlier date as may be determined by the board of directors of the Company. In connection with the votes to approve the Third Charter Amendment, the holders of an additional 2,191,753 shares of Class A common stock of the Company properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.84 per share, for an aggregate redemption amount of $23,765,518, leaving $92,709 in the Trust Account immediately after the redemptions.\n\nOn December 16, 2025, the Company’s stockholders approved at the special meeting of stockholders a proposal to amend the Company’s charter to extend the date by which the Company has to consummate a Business Combination from December 31, 2025 to December 31, 2026, or such earlier date as may be determined by the board of directors of the Company. In connection with the votes to approve the Fourth Charter Amendment, no holder of shares of Class A common stock exercised their right to redeem shares for cash.\n\n​\n\n35\n\n[Table of Contents](#TOC)"}