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Concord Acquisition (CND)

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

Calendar

13 May 22
24 May 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 206.7K 206.7K 206.7K 206.7K 206.7K 206.7K
Cash burn (monthly) (no burn) 62.1K 4.18K 88.7K 28.37K 2.22M
Cash used (since last report) n/a 110.25K 7.42K 157.49K 50.38K 3.95M
Cash remaining n/a 96.45K 199.28K 49.21K 156.32K -3.74M
Runway (months of cash) n/a 1.6 47.7 0.6 5.5 -1.7

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
13F holders Current Prev Q Change
Total holders 84 60 +40.0%
Opened positions 40 27 +48.1%
Closed positions 16 16
Increased positions 21 13 +61.5%
Reduced positions 14 13 +7.7%
13F shares Current Prev Q Change
Total value 203.86M 878.32M -76.8%
Total shares 30.3M 20.04M +51.2%
Total puts 612.2K 370.4K +65.3%
Total calls 1.5M 1.22M +22.9%
Total put/call ratio 0.4 0.3 +34.5%
Largest owners Shares Value Change
Concord Sponsor 5.94M $0 0.0%
Sculptor Capital 2.34M $22.69M +558.3%
683 Capital Management 2.22M $14.37M +1007.5%
D. E. Shaw & Co. 1.57M $11.75M +29.1%
Kepos Capital 1.4M $13.93M NEW
Anson Funds Management 1.3M $12.94M NEW
Adage Capital Partners GP, L.L.C. 1.25M $1.49M NEW
Magnetar Financial 1.21M $5.44M +145.3%
Farallon Capital Management 1.01M $10M NEW
Azora Capital 967.43K $9.63M -48.7%
Largest transactions Shares Bought/sold Change
ARK Investment Management 0 -3.17M EXIT
683 Capital Management 2.22M +2.02M +1007.5%
Sculptor Capital 2.34M +1.98M +558.3%
Kepos Capital 1.4M +1.4M NEW
Beryl Capital Management 0 -1.37M EXIT
Anson Funds Management 1.3M +1.3M NEW
Adage Capital Partners GP, L.L.C. 1.25M +1.25M NEW
Farallon Capital Management 1.01M +1.01M NEW
Azora Capital 967.43K -917.14K -48.7%
LMR Partners 798.62K +798.62K NEW

Financial report summary

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Management Discussion
  • We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary for our initial public offering (“IPO”). We do not expect to generate any operating revenues until after completion of our initial business combination. Until such time that a business combination occurs, we will generate non-operating income in the form of interest income on investments held in the Trust Account and non-operating income or expense from the changes in the fair value of warrant liabilities. There has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements as of and for the year ended December 31, 2021. Until the completion of our initial business combination, we expect to incur increased 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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Proxies
No filings