Chain Bridge I to Combine with 05 Real Estate & Construction

Ticker: CBGGF · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1845149

Chain Bridge I 8-K Filing Summary
FieldDetail
CompanyChain Bridge I (CBGGF)
Form Type8-K
Filed DateJul 30, 2024
Risk Levelmedium
Pages8
Reading Time10 min
Key Dollar Amounts$0.0001
Sentimentneutral

Sentiment: neutral

Topics: SPAC, business-combination

TL;DR

SPAC Chain Bridge I is merging with 05 Real Estate & Construction. Deal details TBD.

AI Summary

Chain Bridge I, a blank check company, announced on July 29, 2024, that it has entered into a business combination agreement with 05 Real Estate & Construction. The agreement outlines the terms for combining the two entities, though specific financial details of the transaction were not disclosed in this filing.

Why It Matters

This business combination signals a significant step for Chain Bridge I in its search for a target company, potentially leading to the public listing of 05 Real Estate & Construction.

Risk Assessment

Risk Level: medium — The filing indicates a business combination is planned, but the lack of specific financial terms and the nature of SPACs introduce inherent risks.

Key Players & Entities

FAQ

What is the nature of the business combination between Chain Bridge I and 05 Real Estate & Construction?

Chain Bridge I, a blank check company, has entered into a business combination agreement with 05 Real Estate & Construction, as reported on July 29, 2024.

What is Chain Bridge I's primary business?

Chain Bridge I is a blank check company, as indicated by its SIC code [6770].

When was the earliest event reported in this 8-K filing?

The earliest event reported in this filing was on July 29, 2024.

Where is Chain Bridge I incorporated?

Chain Bridge I is incorporated in the Cayman Islands.

What are the principal executive offices of Chain Bridge I?

The principal executive offices of Chain Bridge I are located at 8 The Green #17538, Dover, DE 19901.

Filing Stats: 2,421 words · 10 min read · ~8 pages · Grade level 19.1 · Accepted 2024-07-29 21:16:46

Key Financial Figures

Filing Documents

01

Item 7.01 Regulation FD Disclosure. As previously announced, on July 22, 2024, Chain Bridge I, a Cayman Islands exempted company ("CBRG"), CB Holdings, Inc., a Nevada corporation ("HoldCo"), CB Merger Sub 1, a Cayman Islands exempted company ("CBRG Merger Sub"), Phytanix Bio, a Nevada corporation (the "Company"), and CB Merger Sub 2, Inc., a Nevada corporation ("Company Merger Sub"), entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the "Business Combination Agreement"). Furnished herewith as Exhibit 99.1 and incorporated into this Item 7.01 by reference, is an investor presentation, dated as of July 29, 2024, that CBRG, the Company and HoldCo have prepared for use in connection with the Business Combination and various meetings with investors. The foregoing (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and will not be deemed to be filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this Current Report may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or CBRG's, the Company's or HoldCo's future financial or operating performance. For example, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including post-Business Combination fully diluted equity value, the anticipated enterprise value of HoldCo, expected ownership in HoldCo, projections of market opportunity and market share, the capability of the Company's or HoldCo's business plans including its plans to expand, the sources and uses of cash from the Business Combination, any benefits of the Company's partnerships, strategies or plans as they relate to the Business Combination, anticipated benefits of the Business Combination and expectations related to the terms and timing of the Business Combination, the Company's expected pro forma cash, the Company's or HoldCo's expected cash runway through 2025 or statements related to the Company's or HoldCo's funding gap, funded business plan or use of proceeds, or other metrics or statements derived therefrom, are forward-looking "continue," "could," "estimate," "expect," "forecast," "future," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "propose," "seek," "should," "strive," "will," or "would" or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which may be beyond the control of CBRG, the Company or HoldCo and could cause actual results to differ materially from those expressed or implied by su

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Investor Presentation, dated as of July 2024. 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 29, 2024 Chain Bridge I By: /s/ Andrew Cohen Name: Andrew Cohen Title: Chief Executive Officer

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