Concord Acquisition Corp II Navigates Transition Following NYSE American Delisting Notice; Intends To Pursue Review And Will Seek To List Its Securities On The OTC Markets For Trading During The Suspension On NYSE American
Portfolio Pulse from Benzinga Newsdesk
Concord Acquisition Corp II (NYSE:CNDA) faces potential delisting from NYSE American due to not completing a business combination within 36 months. The company plans to appeal and list on OTC Markets temporarily, while also considering a Nasdaq listing.
September 03, 2024 | 2:36 pm
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Concord Acquisition Corp II is facing a potential delisting from NYSE American due to not meeting the business combination deadline. The company plans to appeal and list on OTC Markets temporarily, while also considering a Nasdaq listing.
The potential delisting from NYSE American is a significant regulatory issue for CNDA, likely causing short-term negative sentiment. The company's plan to list on OTC Markets and consider Nasdaq may mitigate some concerns, but uncertainty remains.
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