Concord Acquisition Corp II considering alternative listing with Nasdaq

Concord Acquisition Corp II has received notification from NYSE American indicating that the staff of NYSE has determined to initiate proceedings which may delist the Company’s Class A Common Stock, Units, and Warrants. This step, anticipated as part of the Company’s strategic journey to the public markets, is due to the Company not completing a business combination within 36 months as required by Sections 119(b) and 119(f) of the NYSE American Listed Company Guide. The Company has the right to request a review of this delisting determination by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. In line with its strategic plans, the Company intends to pursue this review and will seek to list its Securities on the OTC Markets for trading during the suspension on NYSE American. This transition is expected to be temporary as the Company remains hopeful that its appeal for an extension will be granted by the NYSE American. Simultaneously, the Company and its sponsor are actively exploring a listing on the Nasdaq. Concord remains focused on the public process, continuing to work diligently to achieve its listing goals and enhance shareholder value.