Concord Acquisition III in an 8-K said shareholders approved a deadline extension until November, alhtough redemptions wiped out the vast majority of the trust.

The SPAC said 30,460,066 shares were redeemed for cash at $317.39 million, leaving approximately $42.10 million in the trust account.

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. 

Source: Concord Acquisition III Wins Extra 6 Months, Loses 88% of Trust