Concord Acquisition Corp III

For the period ended Dec 31, 2023. Filed Mar 8, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 8, 2024

GCTS$1.38+19.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets


· December 31, 2023 · · December 31, 2022
Assets · · · · ·
Current Assets:
Cash	$16,371	$521,149
Expense reimbursement receivable from GCT	296,441	—
Prepaid expenses and other current assets	6,418	331,453
Total Current Assets	319,230	852,602

Marketable securities and cash held in trust account	42,406,594	356,190,233
Total Assets	$42,725,824	$357,042,835

Liabilities and Stockholders’ Deficit
Current Liabilities:
Due to related party	$100,920	$10,024
Accrued income taxes	—	485,207
Accrued legal expense	1,243,000	2,000
Accrued capital markets advisory expense	2,500,000	—
Other accounts payable and accrued expenses	275,271	77,569
Excise tax payable	3,184,272	—
Total Current Liabilities	7,303,463	574,800

Warrant liability, at fair value	2,383,000	1,812,200
Promissory note - related party	35,000	—
Sponsor loans, at fair value	—	1,000,000
Deferred underwriters’ commission	5,083,575	12,075,000
Total Liabilities	14,805,038	15,462,000

Commitments and Contingencies

Common stock subject to possible redemption, 3,941,361 and 34,500,000 shares at redemption value of $10.76 and $10.31 at December 31, 2023 and 2022, respectively	42,411,740	355,643,935

Stockholders’ Deficit:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	—	—
Class A common stock, $0.0001 par value; 200,000,000 shares authorized; 8,624,999 and 0 shares issued and outstanding, excluding 3,941,361 and 34,500,000 shares subject to possible redemption at December 31, 2023 and 2022, respectively	863	—
Class B Common stock, $0.0001 par value; 20,000,000 shares authorized; 1 share and 8,625,000 shares issued and outstanding at December 31, 2023 and 2022, respectively	—	863
Additional paid-in capital	—	—
Accumulated deficit	(14,491,817)	(14,063,963)
Total Stockholders’ Deficit	(14,490,954)	(14,063,100)
Total Liabilities and Stockholders’ Deficit	$42,725,824	$357,042,835

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.