Chain Bridge I completes $230M IPO, places $234.6M in trust for SPAC merger

Chain Bridge I

IPO of 23M units at $10/unit, including 3M overallotment; gross proceeds $230M.
Private placement of 10.55M warrants to sponsor at $1/warrant for $10.55M.
CB Co-Investment loan of $1.15M, convertible into warrants at $1.00 each.
Net proceeds of $234.6M placed in trust at $10.20 per unit; total assets $237.1M.
SPAC has 18 months (extendable to 24) to complete business combination in fintech/business services.

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