8-K 1 tm2133455d1_8k.htm FORM 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 15, 2021

 

 

 

Chain Bridge I

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands   001-41047   98-1578955

(State or other jurisdiction of

incorporation or organization)

  (Commission File Number)  

(I.R.S. Employer

Identification Number)

 

100 El Camino Real, Ground Suite

Burlingame, California

  94010
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code:

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

 Title of each class   Trading Symbol(s)   Name of each exchange on which
registered
Units, each consisting of one Class A ordinary share, and one-half of one redeemable Warrant to acquire one Class A ordinary share   CBRGU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   CBRG   The Nasdaq Stock Market LLC
Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50   CBRGW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company  x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

Item 8.01. Other Events.

 

On November 15, 2021, Chain Bridge I (the “Company”) consummated an initial public offering (the “IPO”) of 23,000,000 units (the “Units”), including 3,000,000 Units issued pursuant to the exercise of the underwriters’ over-allotment option. Each Unit consists of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary Shares”), and one-half of one redeemable warrant (the “Public Warrants”), each whole Public Warrant entitling the holder thereof to purchase one Class A Ordinary Share at an exercise price of $11.50 per share, subject to adjustment. As previously reported on a Current Report on Form 8-K of the Company, on November 15, 2021, simultaneously with the consummation of the IPO, the Company completed a private placement of an aggregate of 10,550,000 warrants (the “Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant, generating total gross proceeds of $10,550,000 (the “Private Placement”). The Company also executed a promissory note with CB Co-Investment LLC (“CB Co-Investment”), evidencing a loan to the Company in the aggregate amount of $1,150,000 (the “CB Co-Investment Loan”). The CB Co-Investment Loan shall be repaid or converted into warrants (the “CB Co-Investment Loan Warrants”) at a conversion price of $1.00 per warrant, at CB Co-Investment’s discretion. The CB Co-Investment Loan Warrants will be identical to the Private Placement Warrants. The net proceeds from the IPO, together with certain of the proceeds from the Private Placement and the CB Co-Investment Loan, $234,600,000 in the aggregate (the “Offering Proceeds”), were placed in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., established for the benefit of the Company’s public shareholders with Continental Stock Transfer & Trust Company acting as trustee.

 

An audited balance sheet as of November 15, 2021 reflecting receipt of the Offering Proceeds has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)   Exhibits

 

EXHIBIT INDEX

 

Exhibit
No.
  Description
     
99.1   Audited Balance Sheet as of November 15, 2021.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: November 19, 2021

 

  CHAIN BRIDGE I
   
  By: /s/ Michael Rolnick
  Name: Michael Rolnick
  Title: Chief Executive Officer