Concord Acquisition Corp II
CNDAOTCFinancials · Blank Checks · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Operating income | −$1.3M | −$2.2M | −$2.3M | −$1.2M | −$515,314 |
| Net income | $556,003 | −$766,076 | $7.0M | $14.5M | $3.5M |
| Total assets | $353,840 | $24.7M | $154.3M | $284.9M | $282.6M |
| Total liabilities | $9.0M | $9.8M | $8.6M | $12.0M | $24.2M |
| Equity | −$8.7M | −$9.0M | −$8.2M | −$10.2M | −$21.8M |
| EPS (diluted) | — | — | — | — | — |
| Shares out. | — | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −6.4%
- Return on assets
- 157.1%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 2536.1%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -213.46distress
- Accruals / assets
- 419.6%high accruals
- Piotroski F-Score
- 2/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 3 warning● 0 good- Negative shareholder equity
- Altman Z″ in the distress zone
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Morgan StanleyPassive (13G)Jun 6, 2025
- Sandia Investment Management LpPassive (13G)May 15, 2025
- Periscope Capital Inc.Passive (13G)May 13, 2025
- Td Securities (Usa) LlcPassive (13G)May 12, 2025
- Karpus Management, Inc.Passive (13G)Apr 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Kepos Capital Lp10% owner | Nov 10, 2023 | Sell | 150,000 | $10.32 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 213 | 1000.0 | 0.0% |
| Apr 30, 2026 | 213 | 1000.0 | 0.0% |
| Apr 15, 2026 | 213 | 35.5 | 0.0% |
| Mar 31, 2026 | 213 | 1000.0 | 0.0% |
| Mar 13, 2026 | 213 | 1000.0 | 0.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Amended charter or bylaws · Shareholder vote · Other material eventDec 17, 2025
- Changed auditorMar 24, 2025
- Amended charter or bylaws · Shareholder vote · Other material eventMar 5, 2025
- Delisting / listing-standard noticeNov 15, 2024
- Other material eventOct 21, 2024
- Delisting / listing-standard notice · Regulation FD disclosureSep 3, 2024
- Entered a material agreement · Regulation FD disclosureAug 27, 2024
- Entered a material agreement · New financial obligation · Amended charter or bylaws · Shareholder vote · Other material eventJun 4, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 14, 2026
- 10-KMar 25, 2026
- 8-KFORM 8-KDec 17, 2025
- DEF 14ADec 4, 2025
- PRE 14ANov 21, 2025
- 10-QNov 6, 2025
- 425Aug 6, 2025
- 10-QAug 5, 2025
- 25-NSEJun 11, 2025
- SCHEDULE 13G/AJun 6, 2025
- SCHEDULE 13G/AMay 15, 2025
- 425May 15, 2025
- SCHEDULE 13G/AMay 13, 2025
- SCHEDULE 13G/AMay 12, 2025
- SCHEDULE 13G/AMay 12, 2025
Event-driven situations (1)
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