Chain Bridge I enters non-redemption agreements and updates redemption requests ahead of special meeting

Chain Bridge I

Third-party purchasers bought 175,000 ordinary shares at $10.48/share and agreed not to redeem.
Sponsor to transfer up to 150,000 founder shares per non-redemption counterparty upon business combination.
As of May 11, 2023, Company received redemption requests for 18,848,866 ordinary shares.
Per-share trust account value on May 9 was ~$10.49; closing price on May 10 was $10.42.
Extension proposal vote scheduled for May 12, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Chain Bridge I entered into Non-Redemption Agreement with unaffiliated third party or parties valued at 400,000 ordinary shares of the Company sold in its initial public offering (Non-Redeemed Shares) in (effective 2023-05-10).

Action: entry
Counterparty: unaffiliated third party or parties
Value: 400,000 ordinary shares of the Company sold in its initial public offering (Non-Redeemed Shares) in
Effective: 2023-05-10

Exact text from the filing

On May 10, 2023, the Company, Chain Bridge Group, the sponsor of the Company (the " Sponsor "), and CB Co-Investment LLC (" CB Co-Investment ") entered into non-redemption agreements (each, a " Non-Redemption Agreement ") with one or more unaffiliated third party or parties in exchange for each such third party or third parties agreeing not to redeem 400,000 ordinary shares of the Company sold in its initial public offering (the " Non-Redeemed Shares ") at the Special Meeting.

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Chain Bridge I filing history →

Source: SEC EDGAR

accession 0001104659-23-059304

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