Chain Bridge I and CommLoan sign LOI for $50M pre-money business combination; expects Nasdaq listing

Chain Bridge I

Non-binding LOI between SPAC Chain Bridge I (CBRRF) and CommLoan, a commercial real estate lending tech company.
Pre-money equity value of $50M plus assumption of notes and convertible preferred stock.
Combined company to be named CommLoan Inc., led by CEO Mitch Ginsberg; stock to list on Nasdaq Capital Market.
Definitive agreement expected Q4 2025, closing H1 2026; subject to due diligence, shareholder and regulatory approvals.
CBRRF filed preliminary proxy for shareholder vote to extend deadline to complete a business combination.

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