Home / Going-concern warnings / Concord Acquisition Corp II
Filed 2025-08-05 · Form 10-Q · Accession 0001410578-25-001567 nano
Price before filing: $11.42 (2025-08-04 close, split/dividend-adjusted)
Market cap at flag: $97,641 (2025-08-05) · Latest: $29,925 (2026-10-15)
| Window | CNDA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.0% | +2.8% | -2.8% | 2025-09-04 |
| 90 days | +0.0% | +8.6% | -8.6% | 2025-11-03 |
| 180 days | +0.0% | +10.8% | -10.8% | 2026-02-02 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-07 to 2025-09-04. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"In connection with the Company's assessment of going concern considerations in accordance with ASC Subtopic 205-40, "Presentation of Financial Statements – Going Concern", Management has determined that the mandatory liquidation, should a Business Combination not occur and potential subsequent dissolution, as well as the potential for the Company to have insufficient funds available to operate its business prior to..."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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