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Chain Bridge I - CBRGU STOCK NEWS

Welcome to our dedicated page for Chain Bridge I news (Ticker: CBRGU), a resource for investors and traders seeking the latest updates and insights on Chain Bridge I stock.

Chain Bridge I Units (CBRGU) is a blank check company actively seeking strategic business combinations in growth sectors. This dedicated news hub provides investors with essential updates on merger opportunities, regulatory filings, and corporate developments.

Key features of this resource: Timely access to SEC disclosures, detailed analysis of potential acquisitions, and official statements regarding combination progress. Users will find comprehensive coverage of shareholder communications and operational milestones.

The page consolidates critical information categories including proposed merger terms, leadership updates, and capital structure changes. All content undergoes verification against primary sources to ensure accuracy.

Bookmark this page for streamlined tracking of CBRGU's business combination process. Check regularly for updates that may impact investment decisions and corporate valuation assessments.

News
Rhea-AI Summary
Chain Bridge I (NASDAQ: CBRGU, CBRG, CBRGW), a special purpose acquisition company, will redeem all outstanding Class A shares as it failed to complete an initial business combination within the required time period. The per-share redemption price will be approximately $10.80, payable in cash. The Company will cease operations, redeem the shares, and liquidate and dissolve as per Cayman Islands law. The Trust Account balance is $44,947,177.68, with $2,605,610.88 in interest and dividend income.
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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.

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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.

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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.

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Chain Bridge I

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CBRGU Stock Data

37.67k
42.32%
Blank Checks
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United States
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