Event management platform Events.com is reportedly nearing a deal to merge with a special purpose acquisition company (SPAC) led by former Barclays CEO Bob Diamond and Jeff Tuder. Concord Acquisition Corp. II, the SPAC in question, has been valued at a pro forma enterprise value of nearly $400 million according to individuals familiar with the situation. The deal is anticipated to list Events.com on the New York Stock Exchange under the ticker symbol RSVP. An announcement is expected as early as Tuesday, according to sources.
The potential merger underscores the continued activity in the SPAC market, particularly as traditional IPOs face more scrutiny and regulatory hurdles. Bob Diamond, renowned for his tenure at Barclays, has recently channeled efforts into the SPAC arena. Concord Acquisition Corp. II aims to leverage its leadership’s experience to facilitate the transition of Events.com into a publicly traded entity.
For further details, please refer to the original Bloomberg article.