Concord Acquisition Corp III
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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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$1.45+5.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Deficit
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| | | | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · Class A · · Class B · · · · · · · | ||||||||||||||||||||||||
| · · Preferred Stock · · Common Stock · · Common Stock · · Additional Paid- · · Accumulated · · Stockholders’ | ||||||||||||||||||||||||
| · Shares · Amount · Shares · Amount · Shares · Amount · In Capital · Deficit · Deficit | ||||||||||||||||||||||||
| Balance as of December 31, 2021 | | — | | $— | | — | | $— | | 8,625,000 | | $863 | | $— | | $(34,576,312) | | $(34,575,449) | ||||||
| Increase in redemption value of shares subject to possible redemption | | — | | | — | | — | | | — | | — | | | — | | | — | | | (3,743,935) | | | (3,743,935) |
| Net income | | — | | | — | | — | | | — | | — | | | — | | | — | | | 24,256,284 | | | 24,256,284 |
| Balance as of December 31, 2022 | | — | | $— | | — | | $— | | 8,625,000 | | $863 | | $— | | $(14,063,963) | | $(14,063,100) | ||||||
| Contribution - non-redemption agreements | | — | | | — | | — | | | — | | — | | | — | | | 6,981,310 | | | — | | | 6,981,310 |
| Fair value of shareholder non-redemption agreements | | — | | | — | | — | | | — | | — | | | — | | | (6,981,310) | | | — | | | (6,981,310) |
| Excise tax payable attributable to redemption of common stock | | — | | | — | | — | | | — | | — | | | — | | | — | | | (3,184,272) | | | (3,184,272) |
| Conversion of Class B common stock to Class A common stock | | — | | | — | | 8,624,999 | | | 863 | | (8,624,999) | | | (863) | | | — | | | — | | | — |
| Partial waiver of deferred underwriters’ commission | | — | | | — | | — | | | — | | — | | | — | | | — | | | 6,618,747 | | | 6,618,747 |
| Extinguishment of debt | | — | | | — | | — | | | — | | — | | | — | | | — | | | 3,343,000 | | | 3,343,000 |
| Increase in redemption value of shares subject to possible redemption | | — | | | — | | — | | | — | | — | | | — | | | — | | | (5,209,575) | | | (5,209,575) |
| Net loss | | — | | | — | | — | | | — | | — | | | — | | | — | | | (1,995,754) | | | (1,995,754) |
| Balance as of December 31, 2023 | | — | | $— | | 8,624,999 | | $863 | | 1 | | $— | | $— | | $(14,491,817) | | $(14,490,954) | ||||||
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