12:12 PM EDT, 09/03/2024 (MT Newswires) -- Concord Acquisition (CNDA) said Tuesday that it is exploringa listing on Nasdaq as the New York Stock Exchange is set to start proceedings that could delist the company's securities.

The company said it received the delisting notiice from NYSE after it failed to complete a business combination within the 36-month period stipulated under the bourse's listing rules.

Concord Acquisition said it plans to request a committee under the NYSE's board to review the delisting determination and that it also plans to seek a listing on the OTC Markets for trading during its suspension on NYSE. This transition is intended to be temporary as Concord Acquisition remains "hopeful" that its appeal for an extension will be granted by NYSE.

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