Concord Acquisition Corp II (CNDAW) Warrant
Each CNDAW warrant gives the holder the right to buy 1 share of Concord Acquisition Corp II at $11.50 per share, for five years after the company completes its merger. Concord Acquisition Corp II is a SPAC (deal signed with Events.com, Inc.). It must complete a deal by December 31, 2026 or the warrants expire worthless. There are 9.34M listed warrants; exercising all of them would add 133.3% to the 7.00M shares outstanding.
Stock vs strike, last 12 months
No share-price history for the stock yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $10.00
- Cashless exercise
- allowed
- Break-even stock price
- —
From the issuer's 424B3 (2021-09-02).
Company and stock
- Company
- Concord Acquisition Corp II
- Underlying stock
- —
- Share price
- —
- Market cap
- —
- Shares outstanding
- 7.00M
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- —
- Price / model
Get Pro to see whether CNDAW is cheap or rich against our model.
Dilution
- Shares outstanding
- 7.00M
- Listed warrants
- 9.34M
- Dilution if all exercised
- 133.3%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- deal signed
- Target
- Events.com, Inc.
- Deal announced
- 2024-08-26
- Deadline
- 2026-12-31
- Latest possible deadline
- —
- Trust per share
- $14.74
- Sponsor
- Concord Sponsor Group II LLC
- Sponsor's earlier SPACs
- 1 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about CNDAW
When does the CNDAW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of CNDAW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many CNDAW warrants are outstanding?
9.34M listed warrants, equal to 133.3% dilution if all are exercised.