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CND Concord Acquisition

Concord Acquisition Corp (the “Company”) is a newly organized blank check company incorporated as a Delaware corporation on August 20, 2020. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (“Business Combination”).

CND stock data

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Calendar

10 Aug 21
18 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 641.73K 641.73K 641.73K 641.73K 641.73K 641.73K
Cash burn (monthly) 103.37K 25.84K 133.53K 48.49K 603.52K 161.73K
Cash used (since last report) 374.5K 93.62K 483.76K 175.68K 2.19M 585.92K
Cash remaining 267.23K 548.1K 157.97K 466.05K -1.54M 55.81K
Runway (months of cash) 2.6 21.2 1.2 9.6 -2.6 0.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Dec 20 Concord Sponsor Class A Common Stock Buy Acquire P No No 0 510,289 0 5,940,289

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

40.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 24 60 -60.0%
Opened positions 12 16 -25.0%
Closed positions 48 23 +108.7%
Increased positions 4 26 -84.6%
Reduced positions 7 12 -41.7%
13F shares
Current Prev Q Change
Total value 58.23M 393.87M -85.2%
Total shares 11.58M 28.76M -59.7%
Total puts 0 0
Total calls 0 155.95K EXIT
Total put/call ratio
Largest owners
Shares Value Change
Concord Sponsor 5.94M $0 0.0%
Magnetar Financial 1.31M $13.48M NEW
Shaolin Capital Management 784.88K $8.1M +1469.8%
Levin Capital Strategies 661.14K $6.82M +451.0%
Levin Easterly Partners 661.14K $6.82M +487.7%
Kepos Capital 525K $5.42M NEW
Millennium Management 390K $4.03M NEW
FIG Fortress Investment 362.55K $3.74M -44.3%
Basso Capital Management 258.44K $2.67M -52.0%
Glazer Capital 129.19K $1.33M -86.0%
Largest transactions
Shares Bought/sold Change
Citadel Advisors 11.43K -2.62M -99.6%
Polar Asset Management Partners 0 -1.5M EXIT
683 Capital Management 0 -1.5M EXIT
D. E. Shaw & Co. 0 -1.31M EXIT
Magnetar Financial 1.31M +1.31M NEW
Radcliffe Capital Management 0 -900K EXIT
Castle Creek Arbitrage 0 -899.9K EXIT
Alyeska Investment 0 -840K EXIT
Glazer Capital 129.19K -793.62K -86.0%
Periscope Capital 0 -759.31K EXIT

Financial report summary

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Management Discussion
  • We have neither engaged in any operations nor generated any revenues to date. The only activities through June 30, 2021 were operating activities necessary to identifying a target company for an initial Business Combination. We do not expect to generate any operating revenues until after the completion of our initial Business Combination. We will generate non-operating income in the form of interest income on marketable securities held in the trust account and will recognize unrealized gains or losses from changes in the fair values of our warrant liability. We will incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.
Content analysis
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Readability
Coll. junior Bad

Proxies

No filings