They are a newly incorporated blank check company incorporated as a Delaware corporation. They have not selected any potential business combination targets. However, members of their 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 their sponsors, and they may pursue business combination partners that had previously been in discussion with Concord I. They 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 their sponsors, which is in the process of engaging in an initial public offering. While they may pursue a merger opportunity in any industry or sector, they intend to capitalize on the ability of their 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 their differentiated deal flow and global network.