Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 276.7K |
Operating I/L | -276.7K |
Other Income/Expense | 6,389.3K |
Interest Income | -528.2K |
Pretax | 6,112.6K |
Income Tax Expense | 614.1K |
Net Income/Loss | 5,498.5K |
Concord Acquisition Corp III is a blank check company with no significant operations. It aims to facilitate a merger, stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it generates revenue through the process of identifying and merging with a target company, allowing the combined entity to go public without the traditional initial public offering (IPO) process. This approach provides an alternative route for private companies to access public markets and raise capital.