Chain Bridge I (CBRRF): Nasdaq/NYSE listing notice — Chain Bridge I warned by Nasdaq for warrant market value below $1M threshold

Chain Bridge I

Aggregate market value of outstanding warrants fell under $1M, violating Nasdaq Listing Rule 5452(b)(C).
Company has 45 days (until July 28, 2023) to submit a compliance plan to Nasdaq.
If plan accepted, 180-day cure period ends December 10, 2023; delisting appeal rights exist.
Deficiency only impacts warrants (CBRGW); Class A ordinary shares (CBRG) listing unaffected.
Company intends to submit a plan but offers no assurance of regaining compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.92

Chain Bridge I received a nasdaq noncompliance notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company's aggregate market value of its outstanding warrants was less than $1 million, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria set forth in Listing Rule 5452(b)(C), which requires the Company to maintain an aggregate market value of its outstanding warrants of at least $1 million (the “Notice”). The Notice additionally indicates that the Company, pursuant to the Listing Rules, has 45 calendar days, or until July 28, 2023, to submit a plan to regain

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Chain Bridge I filing history →

Source: SEC EDGAR

accession 0001104659-23-072870

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