Chain Bridge I Units - CBRGU STOCK NEWS

Chain Bridge I (NASDAQ:CBRGU) announced that separate trading of its Class A ordinary shares and redeemable warrants will begin on or about December 31, 2021. The shares will trade under the symbols CBRG and CBRGW, while the units will remain listed as CBRGU on the Nasdaq Global Market. The company, based in the Cayman Islands, is a blank check firm aiming to facilitate mergers or acquisitions with other businesses.

Chain Bridge I announced the closing of its initial public offering, raising $230 million from the sale of 23,000,000 units at $10.00 per unit. This includes an additional 3,000,000 units following the underwriters’ full exercise of the over-allotment option. The units began trading on Nasdaq under the symbol CBRGU on November 10, 2021. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. The funds raised will be used to pursue potential business combinations.

Chain Bridge I, a special purpose acquisition company, has priced its initial public offering (IPO) at $10.00 per unit, offering a total of 20,000,000 units. Trading is set to begin on The Nasdaq Stock Market under the symbol CBRGU on November 10, 2021, with the offering expected to close on November 15, 2021. Each unit includes one Class A ordinary share and half a redeemable warrant. The underwriters have a 45-day option to purchase an additional 3,000,000 units at the IPO price.