regulatory
confidence high
sentiment negative
materiality 1.00
Chain Bridge I receives Nasdaq delisting notice for failing to complete business combination by Nov 4, 2024
Chain Bridge I
- Nasdaq delisting notice received Nov 12; trading suspension effective at open on Nov 19, 2024.
- SPAC failed to complete initial business combination within 36 months of IPO effective date.
- Redemption deadline Nov 12 at ~$11.49/share; closing price $11.90; liquidity warning issued.
- Extraordinary general meeting set for Nov 14; non-redemption agreement amended to allow backstop purchases until meeting.