Events.com (CNDA) Charts Dynamic Course Amid Strategic Transition

Events.com and Concord Acquisition Corp II (NYSE: CNDA) ("Concord") are continuing their public path together through the signing of a definitive agreement and plan of merger announced last week. This proposed combination marks a significant milestone in Events.com's journey to become a publicly traded company. While the NYSE American has initiated proceedings, which may delist Concord's securities due to timing constraints, given the defined timelines, this development was anticipated and planned for as part of a comprehensive strategy to enter the public markets.

The proposed business combination with Concord Acquisition Corp II is valued at a pre-money equity value of $314 million, with an implied pro forma enterprise value of $399 million. This transaction, which includes a $100 million Share Subscription Facility from Gem Global Yield LLC SCS is expected to provide resources to accelerate Events.com's growth strategy through acquisitions, partnerships, and organic initiatives.

Events.com and Concord remain confident in the path forward and they are actively pursuing an alternative listing option with Nasdaq. This flexibility ensures Events.com is well-positioned to continue its growth trajectory and deliver on its commitment to innovation and excellence.

Regardless of the outcome, whether Events.com is eventually listed on the NYSE or Nasdaq, it plans to trade under the reserved "RSVP" ticker. This proactive approach underscores Events.com's commitment to completing its proposed business combination and ensuring a robust presence in the public markets.

Additional information about the Proposed Business Combination, including a copy of the Merger Agreement, will be provided in a Current Report on Form 8-K to be filed by CNDA with the U.S. Securities and Exchange Commission (the "SEC") and available at www.sec.gov. The Events.com investor presentation can be found here. The announcement of the merger can be found here.

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