Concord Acquisition Corp III (CNDB)

Overview

Concord Acquisition Corp III, prior to its acquisition by GCT Semiconductor, Inc. in a reverse merger transaction as of March 26, 2024, was a special purpose acquisition company (SPAC) that had no significant operations of its own. Founded in 2021 and based in New York, New York, its main objective was to carry out a merger, stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While it did not operate in a specific industry, its actions were focused on identifying and merging with a target company, thereby enabling that company to become publicly traded. Concord Acquisition Corp III was operated as a subsidiary of Concord Sponsor Group III LLC, positioning it within a specific structure designed to facilitate its acquisition-focused objectives.

Products and Services

Before its acquisition by GCT Semiconductor, Inc., Concord Acquisition Corp III did not offer traditional products or services due to its nature as a special purpose acquisition company (SPAC). However, it provided specific financial and strategic solutions designed to meet its primary goal of facilitating a successful business combination, detailed below:

• Mergers and Acquisitions Facilitation: The primary service offered by Concord Acquisition Corp III involved identifying and executing mergers, stock exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations. This service was aimed at companies looking to become publicly listed without going through the traditional initial public offering (IPO) process.
• Strategic Partnership Establishment: By acting as a bridge between a private company and the public markets, Concord Acquisition Corp III served as a catalyst for strategic partnerships. This involved due diligence processes and negotiations to ensure a successful transition for the target company into a public entity.