NYSE Says Concord III Shareholder Numbers Below Minimum Requirement

Concord Acquisition III said it was told by the that it does not comply with the 300 minimum sharehold requirement for a continued listing.

The SPAC said it will submit a plan to regain compliance within the 18-month grace period.

Concord Acquisition III and GCT Semiconductor in November announced a business combination agreement at an initial enterprise value of $461 million.

The is a designer and supplier of advanced LTE, IoT and 5G semiconductor solutions. Read more.


Source: NYSE Says Concord III Shareholder Numbers Below Minimum Requirement