SCHEDULE 13G/A: Periscope Capital Inc. Divests Entire Stake in Concord Acquisition Corp II, Reporting Zero Ownership

Periscope Capital Inc. has filed an amendment to its Schedule 13G, reporting that it no longer beneficially owns any Class A common stock of Concord Acquisition Corp II, holding 0% of the class.

Summary

• Periscope Capital Inc. filed an Amendment No. 3 to Schedule 13G concerning its beneficial ownership of Class A common stock of Concord Acquisition Corp II.
• As of the event date of March 31, 2025, Periscope Capital Inc. and its managed private investment funds (Periscope Funds) beneficially own 0 shares of Concord Acquisition Corp II's Class A common stock.
• This represents 0.0% of the outstanding Class A common stock of Concord Acquisition Corp II.
• Periscope Capital Inc. acts as an investment manager for the Periscope Funds.
• The filing explicitly states that Periscope Capital Inc. does not admit to being a beneficial owner for the purpose of Section 13 of the Act.
• The filing was signed on May 9, 2025, by Lisa Shostack, General Counsel of Periscope Capital Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) reporting a change in beneficial ownership to 0%. It does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• Periscope Capital Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a standard regulatory disclosure of beneficial ownership, reflecting a change in a specific investment firm's stake. It does not provide insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Provides updated information on the beneficial ownership of Class A common stock by Periscope Capital Inc., indicating a divestment of their entire stake.

Key Dates

Keywords

Concord Acquisition Corp II, Periscope Capital Inc., Schedule 13G, Beneficial Ownership, Class A common stock, Investment Manager, SEC Filing, Equity Holdings