Concord Acquisition II Q2 net income falls to $1.15 million
CNDA•Q2 and six-month results
- Concord Acquisition II posted Q2 net income of $1.15 million, down from $1.45 million a year earlier.
- Six-month net income rose to $1.06 million from $462,043, on fair-value gains in the Capital Contribution Note.
- Q2 operating costs fell to $58,318 from $358,705, while Trust Account income totaled $617.
Cash, liabilities, and deal update
- Cash outside the Trust Account was $123,573, with an excise tax liability of $3.12 million including $673,790 of interest and penalties.
- The Events.com deal remained pending; the company received $1.53 million under interim financing through June 30, 2026.
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