Fri, Jun 20, 8:02 PM (23 days ago)
**Summary of Chain Bridge I (Exact name of registrant as specified in its charter) (Ticker: CBGGF, CBRGF, CBRRF)** **Financial Performance:** - **Revenue:** Not provided. - **Net Income:** Not provided. - **Operating Expenses:** $2,220,000 for the year ended December 31, 2024. - **Earnings per Share:** Not provided. **Strategic Overview:** - **Business Model:** Chain Bridge I is a blank check company incorporated to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. - **Target Industries:** High growth areas such as technology, software, biotechnology, digital assets, industrials, business services, and healthcare services. - **Competitive Advantage:** Relationship network, sourcing, valuation, diligence, and execution capabilities of the team. **Future Outlook:** - **Initial Business Combination:** The company aims to complete its initial business combination by November 15, 2025. - **Market Position Changes:** The company's securities were delisted from Nasdaq and began trading on OTCQB under the symbol "CBRRF." **Risk Factors:** - **Financial Risks:** The company has a working capital deficit of $884,195 as of December 31, 2024. - **Operational Risks:** The company has not generated any operating revenues to date and does not expect to do so until it consummates its initial business combination. - **Market Risks:** The company faces risks related to the volatility of the capital and debt markets, as well as the potential for increased competition from other special purpose acquisition companies. **Financial Condition:** - **Cash and Cash Equivalents:** $129,598 as of December 31, 2024. - **Debt:** The company has a working capital loan from Fulton AC, which is convertible into warrants at a price of $1.00 per warrant. - **Equity:** The company has 3,014,736 Class A ordinary shares and 3,191,000 Class B ordinary shares outstanding as of June 16, 2025. **Market Position Changes:** - **Delisting from Nasdaq:** The company's securities were delisted from Nasdaq and began trading on OTCQB under the symbol "CBRRF." - **Trading on OTCQB:** The company's warrants and units began trading on the Expert Market operated by OTC under the symbols "CBRGF" and "CBGGF," respectively.