CNDB SEC filings, in plain English
Everything Concord Acquisition Corp III has filed with the SEC that we hold — 40 filings, newest first, 4 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
What changed: GCT Semiconductor (formerly CNDB SPAC) reported Q2 2026 results: revenue fell 17.9% YoY to $1.0M while net loss widened 50.5% to $20.4M, though 5G chipset shipments rose ~71% sequentially to over 5,100 units. Cash improved to $30.2M from $590K at YE 2025, and the ATM facility was expanded from $75M to $120M within the $200M shelf. Why it matters: The company remains pre-commercial-scale with $50M+ in borrowings and a $52M stockholders' deficit, but has secured cash runway and production capacity through Q1 2027. The expanded ATM signals potential dilution risk, while the $12.3M non-cash warrant liability loss reflects rising stock/warrant prices.
What changed: GCT Semiconductor (post-merger entity from CNDB) disclosed substantial going concern doubt with $635.6M accumulated deficit and $30.2M cash, raised $55.7M gross via ATM (cap increased from $75M to $120M in June 2026), and saw warrant liabilities surge from $2.87M to $18.3M driven by fair value remeasurement. Shares outstanding jumped from 58.1M (Dec 2025) to 92.0M (Aug 2026) due to ATM sales and Indigo Note conversions, while stockholders' deficit stood at $52.0M. Why it matters: The going concern qualification and heavy reliance on ATM equity sales signal the company is burning cash and diluting shareholders aggressively to stay afloat. The $15.4M non-cash warrant liability increase and $30.2M H1 net loss underscore financial deterioration, while the untouched $20M Obsidian facility and repeated related-party debt extensions (Anapass, Kyeongho Lee at penalty rates up to 3%/month) indicate constrained financing alternatives.
going-concern doubt, sponsor loans outstandingnothing moved · 2 with no prior record of ours
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $5K · unchanged
The clause …“available on terms acceptable to the Company or at all. These factors raise substantial doubt about the Company’s ability to continue as a going concern beyond twelve months after the date that these unaudited condensed consolidated”…
The clause …“debt was as follows (in thousands): June 30, 2026 December 31, 2025 Outstanding Principal Fair Value Outstanding Principal Fair Value Convertible promissory notes: 2024 convertible promissory note $ 5,000 $ 5,184 $ 5,000 $”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: GCT Semiconductor Holding, Inc., the successor to Concord Acquisition Corp III, called its 2026 annual meeting for September 17, 2026 at 4:00 p.m. Pacific Time by live audiocast with no physical location, record date July 24, 2026. Holders elect two Class II directors to serve until the 2029 annual meeting and ratify BPM LLP as auditor for the fiscal year ending December 31, 2026. Why it matters: Routine annual governance with no trust or redemption right surviving from the Concord III SPAC. The deferral mechanism means director RSUs accumulate off the current share count and settle later on a separation, change of control or death - so the dilution is real but deferred, and a change-of-control event would accelerate delivery of the whole deferred block at once.
combination deadline, sponsor loans outstandingnothing moved · 2 with no prior record of ours
- Combination deadline
- 2024-11-08 · unchanged
- Sponsor loans outstanding
- $175K · unchanged
The clause …“Placement Warrants, which will expire worthless if we do not consummate a business combination before November 8, 2024. As such, the Sponsors’ interest in this transaction is valued at $9,400,000. Among the Private Placement”…
The clause …“portion of the expenses of the IPO. At the time of the IPO, Concord III’s had borrowed $175,000 under such promissory note. The loan is non-interest bearing, unsecured and became due at the closing of the IPO. The loan has been repaid”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: GCT Semiconductor Holding, Inc., the Concord Acquisition Corp III successor, filed definitive additional proxy material consisting of a notice-and-access voting card. The captured card is dated to the 2025 annual meeting: it tells holders to vote by 11:59 p.m. ET on September 17, 2025 for a meeting on September 18, 2025 at 4:00 p.m. PDT, with paper or email copies of the annual report, notice and proxy statement available on request before September 4, 2025 via ProxyVote.com, 1-800-579-1639 or sendmaterial@proxyvote.com. Why it matters: Nothing in the card affects a trust, a redemption right or a deadline — it is the mailing instrument rather than a disclosure document. The dates it carries belong to the 2025 meeting even though the filing is dated August 2026, so the card should not be relied on for the current meeting timetable; the definitive proxy statement filed the same day governs. Confidence is low for that reason: the captured text and the filing date disagree about which meeting it serves.(flagged for human review)
going-concern doubt, sponsor loans outstanding, mandate languagenothing moved · 3 with no prior record of ours
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $5K · unchanged
- Mandate language
- we are focusing on production readiness now and anticipate f…not matched in this filing
The clause …“available on terms acceptable to the Company or at all. These factors raise substantial doubt about the Company’s ability to continue as a going concern beyond twelve months after the date that these unaudited condensed consolidated”…
The clause …“debt was as follows (in thousands): March 31, 2026 December 31, 2025 Outstanding Principal Fair Value Outstanding Principal Fair Value Convertible promissory notes: 2024 convertible promissory note $ 5,000 $ 4,964 $ 5,000 $”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
combination deadline, going-concern doubt, sponsor loans outstandingnothing moved · 3 with no prior record of ours
- Combination deadline
- 2024-11-08 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $175K · unchanged
The clause …“Placement Warrants, which will expire worthless if we do not consummate a business combination before November 8, 2024. As such, the Sponsors’ interest in this transaction is valued at $9,400,000. Among the Private Placement”…
The clause …“accounting firm included in this Form 10-K contains a paragraph expressing substantial doubt as to our ability to continue as a going concern. If we are unable to continue as a going concern, our stockholders may lose some or all of”…
The clause …“portion of the expenses of the IPO. At the time of the IPO, Concord III’s had borrowed $175,000 under such promissory note. The loan is non-interest bearing, unsecured and became due at the closing of the IPO. The loan has been repaid”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.