According to Forbes, Circle's SPAC (Special Purpose Acquisition Company, special purpose acquisition company) partner Concord Acquisition Group plans to postpone the acquisition of Circle Internet Financial, the main issuer of USDC, until the end of January 2023 because Concord's board of directors believes that there is no time to convene Extraordinary general meeting to approve the transaction. Foresight News previously reported that in July, Circle Chief Financial Officer Jeremy Fox-Geen revealed that Circle is expected to go public through a SPAC by the end of 2022.