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GCT Semiconductor (Concord Acquisition III) Priced, NYSE: GCTS

Third blank check company formed by Atlas Merchant Capital targeting financial services and FinTech (completed 3/26/2024).

Industry: SPAC

Latest Trade: $2.55 +0.01 (+0.4%)

First Day Return: +1.3%

Return from IPO: -74.6%

Industry: SPAC

We are a newly incorporated blank check company incorporated as a Delaware corporation. We have not selected any potential business combination targets. However, members of our management team have been actively in discussions with potential business combination targets in their capacity as officers and directors of Concord Acquisition Corp (“Concord I”), an existing special purpose acquisition company sponsored by affiliates of our sponsors, and we may pursue business combination partners that had previously been in discussion with Concord I. We may also pursue business combination targets that could be in discussions with Concord Acquisition Corp II (“Concord II”), a special purpose acquisition company sponsored by affiliates of our sponsors, which is in the process of engaging in an initial public offering. While we may pursue a merger opportunity in any industry or sector, we intend to capitalize on the ability of our management team and Sponsor to identity, acquire and manage a business in the financial services and financial technology sectors, including payments, enterprise software, and data analytics, that can benefit from our differentiated deal flow and global network.
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IPO Data
IPO File Date 03/26/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/03/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
TD Cowen
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees at IPO 2
Website www.atlasmerchantcapital.com

GCT Semiconductor (Concord Acquisition III) (GCTS) Performance