Chain Bridge I Announces Full Exercise of Underwriters’ Over-Allotment Option and Closing of $230 Million Initial Public Offering
15 Novembre 2021 - 10:30PM
Business Wire
Chain Bridge I (the “Company”), a special purpose acquisition
company, today announced the closing of its initial public offering
of 23,000,000 units, including 3,000,000 units issued pursuant to
the underwriters’ exercise in full of their over-allotment option.
The offering was priced at $10.00 per unit, generating total gross
proceeds of $230 million.
The units began trading on The Nasdaq Stock Market (“Nasdaq”)
under the symbol “CBRGU” on November 10, 2021. Each unit consists
of one Class A ordinary share and one-half of one redeemable
warrant, with each whole warrant entitling the holder thereof to
purchase one Class A ordinary share. Once the securities comprising
the units begin separate trading, the Class A ordinary shares and
redeemable warrants are expected to be traded on Nasdaq under the
symbols “CBRG” and “CBRGW”, respectively.
Cowen and Company, LLC and Wells Fargo Securities, LLC served as
joint book-running managers for the offering.
A registration statement relating to the securities became
effective on November 9, 2021. The offering was made only by means
of a prospectus. Copies of the prospectus may be obtained for free
by visiting the SEC’s website at www.sec.gov. Alternatively, copies
may be obtained from Cowen and Company, LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
Attn: Prospectus Department, by telephone at (833) 297-2926 or by
email at postSaleManualRequests@broadridge.com; or from Wells Fargo
Securities, LLC, 500 West 33rd Street, New York, NY 10001, Attn:
Equity Syndicate Department, by telephone at (833) 690-2713 or by
email at cmclientsupport@wellsfargo.com. Copies of the registration
statement can be accessed through the SEC’s website at
www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Chain Bridge I
Chain Bridge I is a newly organized blank check company
incorporated as a Cayman Islands exempted company and incorporated
for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including statements regarding the
anticipated use of the net proceeds of the offering. No assurance
can be given that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the “Risk Factors” section of the
Company’s registration statement and prospectus for the offering
filed with the SEC. Copies of these documents are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211115006261/en/
Michael Rolnick, Chief Executive Officer Chain Bridge I
info@chainbg.com
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