other material
confidence high
sentiment neutral
materiality 0.60
Chain Bridge I shareholders approve extension to Nov 15, 2024; ~$34.5M redeemed
Chain Bridge I
- Shareholders approved extending business combination deadline from Feb 15, 2024 to Nov 15, 2024.
- 3,144,451 Class A shares redeemed for ~$34.53M from trust account.
- All 2,559,000 Class B shares converted to Class A shares following vote approval.
- Fulton AC to contribute $22,500 on Feb 16 plus $5,000/month starting May 16, 2024 until deal or liquidation.
- Post-redemption/conversion: 3,565,683 Class A and 3,191,000 Class B shares outstanding.