Chain Bridge I delisted from Nasdaq; shareholders approve extension, 550K shares redeemed

Chain Bridge I

Nasdaq will suspend trading of CBRG shares and units on Nov 19; shares to trade on OTCQB under symbol CBRRF.
Shareholders approved extension of business combination deadline from Nov 15, 2024 to Nov 15, 2025.
Holders of 550,947 Class A shares redeemed for ~$6.34M in cash; after redemption, 3.01M Class A shares outstanding.
Fulton AC will contribute $4,557.36 monthly to trust starting Dec 16, 2024 until earliest of extension end, BC close, or liquidation.
Delisting may materially impact ability to find alternative target if Phytanix Bio BC not consummated; warrants could expire worthless.

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