Associated tags: Atlas, NYSE, Semiconductor, CAT3, Modem, 8-K, TD, SOC, PIPE, CPE, Silicon, Samsung, Sales, Environment, Cryptocurrency, Mobile phone, Printed circuit board, Concord, Broadridge Financial Solutions, Cowen Inc., Telephone
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DLA Piper GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, is pleased to announce the completion of its business combination, previously announced on November 3, 2023 with Concord Acquisition Corp III (NYSE: CNDB) (“Concord”) today.
Key Points:
- GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, is pleased to announce the completion of its business combination, previously announced on November 3, 2023 with Concord Acquisition Corp III (NYSE: CNDB) (“Concord”) today.
- Commencing at the opening of trading on March 27, 2024, GCT common shares and warrants to purchase common shares will be listed on the NYSE under the ticker symbols “GCTS” and “GCTSW,” respectively.
- The transaction has provided the combined company with approximately $50 million of gross proceeds to fuel its continued growth.
- DLA Piper LLP (US) is acting as legal advisor to TD Cowen and B. Riley Securities, Inc.
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Thursday, February 15, 2024
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Bank statement GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective the Registration Statement on Form S-4 (as amended, the “Registration Statement”) filed by Concord and relating to the previously announced proposed business combination between GCT and Concord (the “Business Combination”).
Key Points:
- GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective the Registration Statement on Form S-4 (as amended, the “Registration Statement”) filed by Concord and relating to the previously announced proposed business combination between GCT and Concord (the “Business Combination”).
- Further information regarding the Meeting is set forth in the proxy statement/prospectus included in the Registration Statement.
- A definitive proxy statement/prospectus is being mailed to Concord stockholders of record as of close of business on February 5, 2024 (the “Record Date”).
- Concord stockholders of record as of the Record Date will be entitled to notice of, and to vote at or before, the Meeting.
Retrieved on:
Thursday, January 25, 2024
NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Concord Acquisition Corp III (the "Company") announced it had received a notification dated January 19, 2024 (the "Notice") from the New York Stock Exchange (the "NYSE") informing the Company that, because the number of public stockholders is less than 300, the Company is not in compliance with Section 802.01B of the NYSE Listed Company Manual (the "Listing Rule").
Key Points:
- NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Concord Acquisition Corp III (the "Company") announced it had received a notification dated January 19, 2024 (the "Notice") from the New York Stock Exchange (the "NYSE") informing the Company that, because the number of public stockholders is less than 300, the Company is not in compliance with Section 802.01B of the NYSE Listed Company Manual (the "Listing Rule").
- The Listing Rule requires the Company to maintain a minimum of 300 public stockholders on a continuous basis.
- The Notice specifies that the Company has 45 days to submit a business plan that demonstrates how the Company expects to return to compliance with the Listing Rule within 18 months of receipt of the Notice.
- The Company plans to promptly submit a business plan that demonstrates how the Company expects to return to compliance with the Listing Rule within 18 months of receipt of the Notice.
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Concord GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that would result in GCT becoming a publicly traded company.
Key Points:
- GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that would result in GCT becoming a publicly traded company.
- Upon closing of the proposed transaction, the combined company will operate as GCT Semiconductor and is expected to be listed on the NYSE under the ticker symbol “GCTS”.
- We look forward to working with GCT to capitalize on this exciting market opportunity.”
GCT Semiconductor is a leading supplier of highly integrated 4G LTE and 5G semiconductor solutions.
- GCT has over 120 patents globally, engagements with multiple 5G partners, and proprietary Multi-antenna Modem and transceiver technology.
Retrieved on:
Thursday, November 4, 2021
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Security (finance) NEW YORK, Nov. 4, 2021 /PRNewswire/ --Concord Acquisition Corp III (the "Company"), today announced the pricing of its initial public offering of 30,000,000 units, upsized from 25,000,000 units, at a price of $10.00 per unit.
Key Points:
- NEW YORK, Nov. 4, 2021 /PRNewswire/ --Concord Acquisition Corp III (the "Company"), today announced the pricing of its initial public offering of 30,000,000 units, upsized from 25,000,000 units, at a price of $10.00 per unit.
- Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant.
- Citigroup Global Markets Inc. and Cowen and Company, LLC are serving as the joint book running managers for the offering.
- This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof.
