Chain Bridge Bancorp IPO overallotment partially exercised; total net proceeds $36.5M

CHAIN BRIDGE BANCORP INC

Underwriters purchased 142,897 additional shares at $20.46 per share on Nov 1, 2024, generating ~$2.9M net.
Total IPO shares sold: 1,992,897 at $22.00 offering price; net proceeds ~$36.5M after discounts and expenses.
Proceeds used to fully repay $10.0M unsecured revolving credit line on Oct 10, 2024.
Remaining net proceeds earmarked for organic deposit growth and potential strategic expansion.

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