Tue, May 6, 8:36 PM (5 days ago)
**Concord Acquisition Corp II (CNDA) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** No revenue generated; operating costs were $474,341, up from $345,251 in Q1 2024. - **Profit Margins:** Net loss of $990,974, compared to a net income of $689,518 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $690,796, with $23,828,025 provided by investing activities, primarily from the Trust Account. **Earnings Changes:** - **Q1 2025:** Net loss of $990,974 due to operating costs and changes in warrant liability. - **Q1 2024:** Net income of $689,518 driven by income from the Trust Account and changes in warrant liability. **Quarterly Performance:** - **Operating Costs:** Increased by $129,090. - **Warrant Liability:** Significant change in fair value, impacting net income. - **Cash Flow:** Positive from investing activities, offset by operating cash outflows. **Trends & Uncertainties:** - **Business Combination:** Targeting Events.com; completion uncertain due to regulatory and financial hurdles. - **Liquidity:** $134,681 in cash outside the Trust Account; excise tax liability of $2,516,676. - **Future Operations:** Dependent on successful business combination and additional financing if needed. **Ticker:** CNDA (OTCQX), CNDAU (OTC Pink), CNDAW (OTCQB) **Note:** Amounts are in thousands ($000s).