Castle Creek Arbitrage Amends Chain Bridge I Stake

TL;DR

**Castle Creek Arbitrage just updated its Chain Bridge I stake; watch for ownership changes!**

AI Summary

Castle Creek Arbitrage, LLC, along with its affiliates CASTLE CREEK SPAC FUND LLC and CC ARB WEST, LLC, filed an amended SC 13G/A on January 10, 2024, for Chain Bridge I (ticker not provided, CUSIP G2061X128). This amendment, dated December 31, 2023, indicates a change in their beneficial ownership of Chain Bridge I's Class A ordinary shares. While the exact change isn't detailed in the provided text, an amendment typically signifies an increase or decrease in their holdings, which is crucial for investors as it reflects a significant institutional investor's updated position in the company.

Why It Matters

This filing shows an institutional investor, Castle Creek Arbitrage, LLC, has updated its position in Chain Bridge I, signaling a potential shift in their confidence or strategy regarding the company's future.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate high-risk event for the company.

Analyst Insight

Investors should monitor subsequent filings from Castle Creek Arbitrage, LLC to understand the magnitude and direction of their ownership changes in Chain Bridge I, as this could signal their long-term conviction or a strategic exit.

Key Numbers

• $0.0001 — Par Value per Share (The par value of Chain Bridge I's Class A ordinary shares.)
• 0001845149 — Chain Bridge I CIK (Central Index Key for Chain Bridge I, identifying the company with the SEC.)
• 0001326638 — Castle Creek Arbitrage, LLC CIK (Central Index Key for Castle Creek Arbitrage, LLC, identifying the reporting entity with the SEC.)
• 2 — Amendment Number (This is the second amendment to the Schedule 13G filing for Chain Bridge I by Castle Creek Arbitrage, LLC.)

Key Players & Entities

• Castle Creek Arbitrage, LLC (company) — reporting person and institutional investor
• Chain Bridge I (company) — subject company, a blank check company (SPAC)
• CASTLE CREEK SPAC FUND LLC (company) — group member with Castle Creek Arbitrage, LLC
• CC ARB WEST, LLC (company) — group member with Castle Creek Arbitrage, LLC
• CC ARBITRAGE, LTD (company) — group member with Castle Creek Arbitrage, LLC
• Mr. Allan Weine (person) — group member
• $0.0001 (dollar_amount) — par value per share of Chain Bridge I Class A ordinary shares

Forward-Looking Statements

• Castle Creek Arbitrage, LLC will continue to be a significant institutional holder of Chain Bridge I shares. (Castle Creek Arbitrage, LLC) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0001 — r) Class A ordinary shares, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• chain12242sc13ga2.htm (SC 13G/A) — 82KB
• 0001214659-24-000552.txt ( ) — 84KB

(a)

Item 1(a). Name of Issuer: Chain Bridge I (the “Issuer”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 100 El Camino Real, Ground Suite Burlingame, California

(a)

Item 2(a). Name of Person Filing: This statement is being jointly filed by: · Castle Creek Arbitrage, LLC, a Delaware limited liability company, (“Castle Creek”) · Mr. Allan Weine, as the principal beneficial owner of Castle Creek Arbitrage, LLC, (“Mr. Weine”) · CC ARB West, LLC is a Delaware limited liability company · CC Arbitrage, Ltd. is a Cayman Island Company · Castle Creek SPAC Fund, LLC is a Delaware limited Liability Company Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Castle Creek Arbitrage, LLC serves as a registered investment adviser whose clients are CC Arb West, LLC, Castle Creek SPAC Fund, LLC, and CC Arbitrage, Ltd. Mr. Weine is the managing member of Castle Creek. By virtue of these relationships, each of Castle Creek and Mr. Weine may be deemed to beneficially own the Issuer’s Common Shares directly owned by CC ARB West, LLC, Castle Creek SPAC Fund, LLC, and CC Arbitrage, Ltd.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The principal business address of each reporting person is 111 W. Beaver Creek Blvd PO Box 3500 Avon, CO 81620.

(c)

Item 2(c). Citizenship: Castle Creek Arbitrage, LLC is a Delaware limited liability company. Mr Weine is a US citizen. CC ARB West, LLC is a Delaware limited liability company. CC Arbitrage, Ltd. is a Cayman Island Company Castle Creek SPAC Fund, LLC is a Delaware limited liability company.

(d)

Item 2(d). Title of Class of Securities: Class A ordinary shares, par value $0.0001 per share (the “Shares”)

(e)

Item 2(e). CUSIP Number: G2061X128 Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under Section 15 of the Act; (b) ¨ Bank as defined in Section 3(a)(6) of the Act; (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act; (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940; (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) ¨ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: 7 Item 4. The information required by Items 4(a) - (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x . Item 6. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reporte

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View this SC 13G/A filing on SEC EDGAR