Chain Bridge I Announces Extraordinary General Meeting on February 7, 2024

TL;DR

Chain Bridge I is holding an Extraordinary General Meeting on February 7, 2024, to vote on amending its charter, including extending the deadline for a business combination.

AI Summary

Chain Bridge I (CBGGF) filed a Proxy Statement (DEF 14A) with the SEC on January 18, 2024. Chain Bridge I will hold an Extraordinary General Meeting on February 7, 2024, at 11:00 a.m. ET. The meeting will take place physically at Kelley Drye & Warren LLP offices and virtually via a webcast. The primary purpose is to vote on a proposal to amend and restate the Company's memorandum and articles of association. This amendment includes extending the deadline for the Company to complete a business combination from February 15, 2024. Shareholders are urged to submit their proxy votes online or by mail before the meeting date.

Why It Matters

For investors and stakeholders tracking Chain Bridge I, this filing contains several important signals. The proposed charter amendment is critical for the company's continued operation and ability to pursue a business combination beyond the current February 15, 2024 deadline. Shareholder participation via proxy is essential to ensure a quorum and the successful passage of the amendment proposal, which directly impacts the company's future.

Risk Assessment

Risk Level: — Chain Bridge I shows moderate risk based on this filing. The filing is a routine proxy statement for an upcoming shareholder meeting, with no immediate financial or operational performance data presented.

Analyst Insight

Shareholders should review the proposed charter amendments and vote their proxies to ensure their preferred outcome regarding the business combination deadline.

Key Numbers

• February 7, 2024 — Meeting Date (Extraordinary General Meeting date.)
• 11:00 a.m. ET — Meeting Time (Time of the Extraordinary General Meeting.)
• February 15, 2024 — Current Business Combination Deadline (Existing deadline to complete a business combination.)

Key Players & Entities

• Chain Bridge I (company) — Registrant and filer of the proxy statement.
• February 7, 2024 (date) — Date of the Extraordinary General Meeting.
• Kelley Drye & Warren LLP (company) — Location of the physical meeting.
• February 15, 2024 (date) — Current deadline for the Company to complete a business combination.
• January 18, 2024 (date) — Date the proxy statement is dated and first mailed.

Forward-Looking Statements

• Shareholder turnout for the Extraordinary General Meeting will be high due to the critical nature of the proposals. (Chain Bridge I) — medium confidence, target: February 7, 2024

FAQ

Risk Factors

• Extension of Time to Complete Business Combination [high — regulatory]: Failure to extend the deadline for completing a business combination could result in the liquidation of the Company.

Industry Context

Chain Bridge I is a special purpose acquisition company (SPAC) that has not yet completed its initial business combination.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proposed amendments to the memorandum and articles of association.
2. Submit proxy votes online or by mail before the February 7, 2024 meeting.
3. Attend the virtual or physical meeting to understand the proposals and vote.

Key Dates

• 2024-02-07: Extraordinary General Meeting — Vote on charter amendments, including business combination deadline extension.
• 2024-01-18: Proxy Statement Filing/Mailing — Definitive proxy statement filed and mailed to shareholders.

Glossary

Extraordinary General Meeting

A special meeting of shareholders called for a specific, important purpose. (The meeting's sole purpose is to vote on critical charter amendments.)

Proxy Statement

A document filed with the SEC that provides shareholders with information about matters to be voted on at a shareholder meeting. (Contains details of the proposed charter amendments and voting instructions.)

Business Combination

A merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. (The company's primary objective, and the deadline for which is being extended.)

Year-Over-Year Comparison

This is a DEF 14A filing for an upcoming shareholder meeting, not a periodic report comparing to a prior filing.

Key Financial Figures

• $0.0001 — our Class B ordinary shares, par value $0.0001 per share (the " Class B Shares "), to
• $10.00 — onal units to cover over-allotments, at $10.00 per Unit, generating gross proceeds of
• $230,000,000 — per Unit, generating gross proceeds of $230,000,000. Simultaneously with the closing of the
• $10,550,000 — rrants "), generating gross proceeds of $10,550,000. Among the Private Warrants, 8,775,000
• $234.6 million — 1, 1 TABLE OF CONTENTS a total of $234.6 million of the net proceeds from the IPO and th
• $197,854,025 — hares for an aggregate of approximately $197,854,025 in cash held in the Trust Account. Al
• $5,000,001 — ent Proposal if we do not have at least $5,000,001 of net tangible assets following approv
• $100,000 — ut not paid by such date and less up to $100,000 of interest to pay dissolution expenses
• $10.92 — the General Meeting) was approximately $10.92 per Public Share. The closing price of
• $45.3 million — y a small fraction of the approximately $45.3 million that was in the Trust Account as of the
• $22,500 — y (i) the lesser of (x) an aggregate of $22,500 or (y) $0.03 for each Public Share that
• $0.03 — r of (x) an aggregate of $22,500 or (y) $0.03 for each Public Share that is not redee
• $5,000 — ry 16, 2024 plus (ii) the lesser of (x) $5,000 per month or (y) $0.01 per Public Share
• $0.01 — e lesser of (x) $5,000 per month or (y) $0.01 per Public Share that remains outstandi
• $0.0108 — posited per share will be approximately $0.0108 per share, with the aggregate maximum c

Filing Documents

• tm2333857-4_defr14a.htm (DEF 14A) — 985KB
• px_24chainpxy01pg01-bw.jpg (GRAPHIC) — 508KB
• px_24chainpxy01pg02-bw.jpg (GRAPHIC) — 316KB
• 0001104659-24-004723.txt ( ) — 2121KB

From the Filing

DEF 14A 1 tm2333857-4_defr14a.htm DEF 14A tm2333857-4_defr14a - none - 15.5625654s TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box : Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section 240.14a-12 CHAIN BRIDGE I (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply) : No fee required Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. TABLE OF CONTENTS CHAIN BRIDGE I 8 The Green # 17538 Dover, DE 19901 NOTICE OF EXTRAORDINARY GENERAL MEETING TO BE HELD ON FEBRUARY 7, 2024 TO THE SHAREHOLDERS OF Chain Bridge I: You are cordially invited to attend the Extraordinary General Meeting (the " General Meeting ") of Chain Bridge I (the " Company ," " Chain Bridge ," " we ," " us " or " our ") to be held at 11:00 a.m. ET on February 7, 2024. The physical place of the meeting will be at the offices of Kelley Drye & Warren LLP, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007. Shareholders of the Company will also be able to attend the General Meeting virtually at the following website: https://www.cstproxy.com/chainbg/2024. Even if you are planning on attending the General Meeting, please promptly submit your proxy vote online, or, by completing, dating, signing and returning the enclosed proxy card, so your shares will be represented at the General Meeting. Instructions on voting your shares are in the accompanying proxy materials. Even if you plan to attend the General Meeting, it is strongly recommended you complete and return your proxy card before the General Meeting date, to ensure that your shares will be represented at the General Meeting if you are unable to attend. The accompanying proxy statement, which we refer to as the " Proxy Statement ," is dated January 18, 2024, and is first being mailed to shareholders of Chain Bridge on or about January 18, 2024. The sole purpose of the General Meeting is to consider and vote upon the following proposals: 1. The Amendment Proposal . A proposal to amend and restate, by way of a special resolution, the Company's amended and restated memorandum and articles of association, as amended from time to time (the " Existing Charter "), to: extend from February 15, 2024 (the " Existing Termination Date ") to November 15, 2024 (the " Extended Termination Date "), the date (the " Termination Date ") by which, if the Company has not consummated a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company, with one or more businesses or entities (a " Business Combination "), the Company must (a) cease all operations except for the purpose of winding up; (b) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Class A ordinary shares sold in the Company's initial public offering (the " Public Shares "); and (c) as promptly as reasonably possible following such redemption, subject to the approval of the Company's remaining shareholders and the directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law; and provide for the right of the holders of our Class B ordinary shares, par value $0.0001 per share (the " Class B Shares "), to convert such shares into shares of our Class A ordinary shares, par value $0.0001 per share (the " Class A Shares "), on a one-to-one basis at the election of such holders. Class A Shares issued upon conversion of Class B Shares will not be entitled to receive funds from the Trust Account through redemptions or otherwise; and to remove a statement that there are no limits on the number of Ordinary Shares which may be issued by the Company and to clarify that the Company may issue and that certificates may, but are not required, to be issued to evidence ownership of Ordinary Shares. 2. The Adjournment Proposal . A proposal to approve the adjournment of the General Meeting to a later date or dates, if necessary, and to instruct the chairman of the same in accordance with Article 14.7 of the Existing Charter, to permit further solicitation and vote of proxies in the event TABLE OF CONTENTS that there are insufficient votes for, or otherwise (the " Adjournment Proposal "), only to be presented at the General Meeting

View Full Filing

View this DEF 14A filing on SEC EDGAR