Concord Acquisition III in a proxy filing called a May 4 meeting for shareholders to vote on a proposal that would push the SPAC’s termination date from May 8 to February 8, 2024.

Concord III raised $345 million in a November 2021 IPO with plans to acquire and manage a business in the financial services and financial technology sectors, including payments, enterprise software, and data analytics. 

On the April 3 record date for participation in the vote, the SPAC said there were 43,125,000 outstanding shares of Concord III’s common stock, including 34,500,000 shares of Class A and 8,625,000 shares of Class B. Read more.

Source: Concord Acquisition III Wants to Push Deadline Back to Feb. 2024