Filing Details

Accession Number:
0001213900-20-042523
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-12-14 16:22:39
Reporting Period:
2020-12-10
Accepted Time:
2020-12-14 16:22:39
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1824301 Concord Acquisition Corp CND Blank Checks (6770) 852642903
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1835156 Concord Sponsor Group Llc C/O Concord Acquisition Corp
477 Madison Avenue
New York NY 10022
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2020-12-10 510,289 $0.00 5,940,289 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Footnotes
  1. Simultaneously with the Issuer's initial public offering, Concord Sponsor Group, LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 510,289 units (the "Private Units") in a private placement for an aggregate purchase price of $5,102,890. Each Private Unit consists of one share of common stock and one-half of one warrant.
  2. The Sponsor is governed by a board of managers consisting of three managers, Bob Diamond, David Schamis and Jeff Tuder. Any action by the Sponsor with respect to the issuer or the issuer's securities held by the Sponsor, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three", because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on Sponsor's board of managers is deemed to have or share beneficial ownership of the founder shares held by the Sponsor.