Chain Bridge I Files 8-K: Material Agreement & Financial Obligations
Ticker: CBGGF · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1845149
| Field | Detail |
|---|---|
| Company | Chain Bridge I (CBGGF) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1,590,995 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-k
TL;DR
Chain Bridge I filed an 8-K on 6/26/24 for a material agreement and financial obligations.
AI Summary
On June 26, 2024, Chain Bridge I entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits.
Why It Matters
This 8-K filing signals a significant development for Chain Bridge I, potentially impacting its financial structure and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.
Key Players & Entities
- Chain Bridge I (company) — Registrant
- June 26, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Chain Bridge I?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on June 26, 2024.
What type of financial obligation has Chain Bridge I created?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but does not provide specific details.
What is the filing date of this 8-K report?
This 8-K report was filed on July 1, 2024.
What is the earliest event date reported in this filing?
The earliest event date reported in this filing is June 26, 2024.
What is the SIC code for Chain Bridge I?
The Standard Industrial Classification (SIC) code for Chain Bridge I is 6770 (BLANK CHECKS).
Filing Stats: 628 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-07-01 16:00:13
Key Financial Figures
- $0.0001 — et Class A ordinary shares, par value $0.0001 per share CBRG The Nasdaq Capital
- $1,590,995 — to loan Chain Bridge I (the "Company") $1,590,995.12, pursuant to an unsecured non-intere
Filing Documents
- tm2418644d1_8k.htm (8-K) — 32KB
- tm2418644d1_ex4-1.htm (EX-4.1) — 19KB
- 0001104659-24-076814.txt ( ) — 277KB
- cbrgu-20240626.xsd (EX-101.SCH) — 4KB
- cbrgu-20240626_def.xml (EX-101.DEF) — 27KB
- cbrgu-20240626_lab.xml (EX-101.LAB) — 36KB
- cbrgu-20240626_pre.xml (EX-101.PRE) — 25KB
- tm2418644d1_8k_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On June 26, 2024, Phytanix Bio ("Phytanix") agreed to loan Chain Bridge I (the "Company") $1,590,995.12, pursuant to an unsecured non-interest bearing promissory note (the "Bridge Financing Note"). The maturity date of the Bridge Financing Note is the later of (x) June 29, 2025 and (y) the consummation of the Company's initial business combination. The Bridge Financing Note may not be repaid with funds from the trust account that the Company established for the benefit of its public holders. The proceeds from the Bridge Financing Note will be used (i) to pay off certain working capital loans issued by the Company to Fulton AC I LLC, (ii) to pay for certain fees and expenses incurred in connection with the transactions contemplated in the Bridge Financing Note and the Company's initial business combination and (iii) for other general corporate purposes. The description of the Form of Bridge Financing Note is qualified by the full text of such document, which is attached hereto as Exhibit 4.1, and is incorporated by reference herein.
03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. To the extent required by Item 2.03 of Form 8-K, the disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Form of Bridge Financing Note. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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: July 1, 2024 CHAIN BRIDGE I By: /s/Andrew Cohen Name: Andrew Cohen Title: Chief Executive Officer