other material
confidence high
sentiment negative
materiality 0.55
Chain Bridge I terminates non-binding LOI with initial target; special meeting still set for May 5, 2023
Chain Bridge I
- Non-binding letter of intent with initial target for a business combination has been terminated.
- Record date for extraordinary general meeting on May 5, 2023 corrected to April 4, 2023 (not March 29).
- Per-share trust account value as of March 29, 2023 was approximately $10.44, equal to closing price that day.
- Special meeting to vote on extension proposal remains scheduled for May 5, 2023.