Chain Bridge I Q3 2024: $5.75M Assets, $1.45M Liabilities

TL;DR

**Chain Bridge I Q3 2024: $5.75M Assets, $1.45M Liabilities. Cash $3.19M.**

AI Summary

Chain Bridge I filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $5.75 million and total liabilities of $1.45 million. Key financial figures include $3.19 million in cash and cash equivalents and $1.36 million in additional paid-in capital. The filing also notes subsequent events and details various classes of common stock.

Why It Matters

This filing provides a snapshot of Chain Bridge I's financial health and operational status as of Q3 2024, which is crucial for investors to assess the company's performance and future prospects.

Risk Assessment

Risk Level: medium — The company is a blank check company, which inherently carries higher risks due to its reliance on future business combinations.

Key Numbers

• $5.75M — Total Assets (Represents the company's total resources as of September 30, 2024.)
• $1.45M — Total Liabilities (Indicates the company's total obligations as of September 30, 2024.)
• $3.19M — Cash and Cash Equivalents (Shows the company's readily available funds as of September 30, 2024.)
• $1.36M — Additional Paid-in Capital (Reflects capital contributed by investors above the par value of stock.)

Key Players & Entities

• Chain Bridge I (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of reporting period
• $5.75 million (dollar_amount) — Total assets
• $1.45 million (dollar_amount) — Total liabilities
• $3.19 million (dollar_amount) — Cash and cash equivalents
• $1.36 million (dollar_amount) — Additional paid-in capital

FAQ

Key Financial Figures

• $0.0001 — d: Class A ordinary shares, par value $0.0001 per share CBRRF OTC Markets Group O
• $1 m — its outstanding warrants was less than $1 million, the Company was no longer in com
• $1 million — of its outstanding warrants of at least $1 million (the "Warrant Notice"). The Warrant Not

Filing Documents

• cbrgu-20240930x10q.htm (10-Q) — 1307KB
• cbrgu-20240930xex31d1.htm (EX-31.1) — 13KB
• cbrgu-20240930xex31d2.htm (EX-31.2) — 11KB
• cbrgu-20240930xex32d1.htm (EX-32.1) — 7KB
• cbrgu-20240930xex32d2.htm (EX-32.2) — 7KB
• 0001410578-24-002039.txt ( ) — 7179KB
• cbrgu-20240930.xsd (EX-101.SCH) — 61KB
• cbrgu-20240930_cal.xml (EX-101.CAL) — 23KB
• cbrgu-20240930_def.xml (EX-101.DEF) — 315KB
• cbrgu-20240930_lab.xml (EX-101.LAB) — 447KB
• cbrgu-20240930_pre.xml (EX-101.PRE) — 401KB
• cbrgu-20240930x10q_htm.xml (XML) — 1198KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Interim Financial Statements Condensed Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 1 Unaudited Condensed Statements of Operations for the three and nine months ended September 30, 2024 and 2023 2 Unaudited Condensed Statements of Changes in Shareholders' Deficit for the three and nine months ended September 30, 2024 and 2023 3 Unaudited Condensed Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 4 Notes to Unaudited Condensed Interim Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.

Controls and Procedures

Controls and Procedures 36

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities 37 Item 3. Defaults Upon Senior Securities 37 Item 4. Mine Safety Disclosures 37 Item 5. Other Information 37 Item 6. Exhibits 38 i Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Condensed Interim Financial Statements

Item 1. Condensed Interim Financial Statements CHAIN BRIDGE I CONDENSED BALANCE SHEETS September 30, December 31, 2024 2023 (unaudited) Assets Current assets: Cash $ 428,625 $ 3,898 Prepaid expenses 154,246 3,148 Total current assets 582,871 7,046 Investments held in Trust Account 11,510,382 45,356,234 Total Assets $ 12,093,253 $ 45,363,280 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit: Current liabilities: Accounts payable $ 457,951 $ 9,065 Accrued expenses 611,271 59,430 Total current liabilities 1,069,222 68,495 Exchange Note 296,942 — Bridge Financing Note 863,235 — Derivative liabilities 220,500 112,460 Contingently issuable private placement warrants 11,500 5,865 Total Liabilities 2,461,399 186,820 Commitments and Contingencies (Note 6) Class A ordinary shares subject to possible redemption; $ 0.0001 par value; 1,006,683 and 4,151,134 shares at redemption value of $ 11.335 and $ 10.902 per share at September 30, 2024 and December 31, 2023, respectively 11,410,382 45,256,234 Shareholders' deficit: Preference shares, $ 0.0001 par value 1,000,000 shares authorized none issued and outstanding — — Class A ordinary shares, $ 0.0001 par value; 479,000,000 shares authorized; 2,559,000 and no non-redeemable shares issued or outstanding as of September 30, 2024 and December 31, 2023, respectively 256 — Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 3,191,000 and 5,750,000 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 319 575 Additional paid-in capital 226,443 863,326 Accumulated deficit ( 2,005,546 ) ( 943,675 ) Total shareholders' deficit ( 1,778,528 ) ( 79,774 ) Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit $ 12,093,253 $ 45,363,280 The accompanying notes

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