Revenue: As of FY2025, the actual value is USD 0.EPS: As of FY2025, the actual value is USD 0.08.EBIT: As of FY2025, the actual value is USD -1.402 M.<h4>Operational Metrics</h4><ul><li>Net Income (Loss): CONCORD ACQUISITION CORP II reported a net income of $556,003 for the year ended December 31, 2025, a significant improvement from a net loss of - $766,076 for the year ended December 31, 2024.</li><li>Operating Costs: Operating costs were $1,265,443 in 2025, down from $2,150,265 in 2024.</li><li>Income from Cash Held in Trust Account: This non-operating income was $136,267 in 2025, a decrease from $3,400,717 in 2024.</li><li>Change in Fair Value of Capital Contribution Note: The company recorded an income of $1,578,927 in 2025, contrasting with an expense of - $2,370,533 in 2024.</li><li>Change in Fair Value of Warrant Liability: This resulted in an income of $132,576 in 2025, compared to an income of $1,193,927 in 2024.</li><li>Income Taxes: The company had a provision for income taxes of - $26,324 in 2025, significantly lower than - $672,158 in 2024.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: The company used - $928,608 in operating activities in 2025, an improvement from - $1,546,455 used in 2024.</li><li>Net Cash Provided by Investing Activities: This stood at $23,828,025 in 2025, primarily due to cash withdrawn from the Trust Account in connection with redemptions, which was $23,765,518 in 2025 compared to $132,667,234 in 2024.</li><li>Net Cash Used in Financing Activities: The company used - $23,240,518 in financing activities in 2025, an improvement from - $131,817,234 in 2024.</li><li>Cash Balance: Cash held outside the Trust Account was $196,869 as of December 31, 2025, down from $537,970 as of December 31, 2024.</li></ul><h4>Unique Metrics / Company-Specific Information</h4><ul><li>Trust Account Balance: The Trust Account held $99,263 as of December 31, 2025, after no redemptions occurred during the December 2025 Special Meeting, which is significantly lower than $23,791,131 as of December 31, 2024.</li><li>Available Closing Cash Condition for Merger: The proposed merger with Events.com, Inc. requires an “Available Closing Cash” of at least $30 million.</li><li>Excise Tax Liability: As of December 31, 2025, the company had an excise tax liability of $2,856,011, including $405,636 in interest and penalties, with approximately $2,300,000 having been due on April 30, 2025. The company has insufficient funds to pay this liability without additional financing and has applied for a refund based on new regulations, though uncertainty remains regarding its receipt.</li><li>Interim Financing from Events.com: The company received $525,000 from Events.com in 2025 and $775,000 in 2024, which reduced operating expenses by $300,000 in 2025 and $525,000 in 2024.</li></ul><h4>Outlook / Guidance</h4>CONCORD ACQUISITION CORP II has extended its deadline to complete a Business Combination to December 31, 2026. However, as of December 31, 2025, the company is past the Outside Date for its Merger Agreement with Events.com, Inc. and is negotiating an amendment, with no assurance of agreement or extension. The company’s liquidity condition and the mandatory liquidation if a business combination is not completed by December 31, 2026, raise substantial doubt about its ability to continue as a going concern.

CONCORD ACQUISITION CORP II C/WTS (TO PUR COM) | 10-K: FY2025 Revenue: USD 0