A Cayman Islands exempted company (SPAC) established to effectuate a merger or similar business combination in the innovation economy, currently in organizational and pre-activity phase without operations or revenue.

# Company Summary

## General Overview
- **Legal Structure:** Cayman Islands exempted company
- **Purpose:** A blank check company (SPAC) established to effectuate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (initial business combination).
- **Objective:** To identify and complete a business combination in the innovation economy by partnering with founders, operators, and entrepreneurs to build a successful public company.

## Business Activities
- **Current Status:** Limited to organizational activities and activities related to its initial public offering (IPO).
- **Operations:** Has not yet selected a target for a business combination; ongoing discussions with several potential target companies.
- **Revenue & Income:** Generated no operating revenues to date; expects to remain non-operational until executing a completed business combination.

## Financial and Ownership Details
- **Number of Units Outstanding (as of June 16, 2025):** 29,707 units, each comprising:
  - 1 Class A ordinary share
  - 1/2 redeemable warrant
- **Class A ordinary shares outstanding:** Included in units and additional issued shares
- **Class B ordinary shares:** 22,035,138 issued and outstanding
- **Warrants:** Same number as warrants issued and outstanding; exercisable for one Class A ordinary share at $11.50 each.
- **Market Value of Shares (as of June 30, 2024):** Closing price of $11.21 per share
- **Trust Account Balance (as of June 16, 2025):** Approximately $5,414,454 held in a U.S.-based account, invested in U.S. Treasury bills and money market funds.

## Team & Employees
- **Employees:** Two executive officers; no full-time employees planned prior to initial business completion.
- **Management & Directors:** Includes founders, attorneys, and industry professionals involved in ongoing discussions with potential target companies.

## Business Strategy & Criteria
- Focus on high-growth industries such as technology, software, biotechnology, digital assets, industrials, business services, and healthcare.
- Seeks companies with substantial growth potential, robust financials, barriers to entry, proven sector leadership, and scalability.
- Will conduct thorough due diligence and may structure transactions to own or control at least 50% of the target, aiming for an 80% threshold of net assets in the business combination.

## No Current Customers, Revenue, or Income
- **Customers:** None
- **Revenues:** None
- **Income:** None, remains in organizational/pre-activity phase.

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**Note:** The company has not yet begun operations beyond organizational activities; all activities are geared towards identifying and completing a business combination.

The company is a blank check entity focused on identifying potential business combinations in high-growth sectors, having raised approximately $230 million through its IPO and $10.55 million through private placements, but currently operates with no revenue or customers.

# Company Overview

## Business Structure
- **Type**: Blank Check Company, incorporated as a Cayman Islands exempted company on January 21, 2021.
- **Purpose**: To effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses (referred to as the initial business combination).
  
## Objectives
- Aim to advance the innovation economy by providing an alternative path to the public markets.
- Seek partnerships with founders, operators, and entrepreneurs to establish a successful public company.

## Current Status
- **Initial Public Offering (IPO)**: Completed in November 2021, raising gross proceeds of approximately **$230 million** from the sale of 23,000,000 units (which included Class A ordinary shares and redeemable warrants).
- **Private Placement**: Concurrently, raised **$10.55 million** through the private placement of 10,550,000 warrants at $1.00 each.
- **Operating Revenues**: The company has **generated no operating revenues** to date and does not expect to generate revenues until the initial business combination is consummated.

## Financial Position
- **Funds Available for Business Combination**: Approximately **$11.18 million** as of March 26, 2024.
- **Loans**: $1.5 million loan from Fulton AC is available for operations and potential business combinations.
  
## Employees
- Currently, the company has **two executive officers** and does not have any full-time employees.

## Customers
- The company does not have any customers as it is still in the process of identifying and establishing a target for its initial business combination.

## Future Plans
- The management team is actively seeking potential acquisition opportunities, with ongoing discussions regarding various target companies.
- The company is focused on high-growth sectors such as technology, software, biotechnology, digital assets, and traditional industries like industrials, business services, and healthcare services.

## Summary
The company operates as a blank check entity focusing on mergers and acquisitions, primarily targeting innovative and growth-oriented businesses. Currently, it does not have any operating revenue or customers and relies on funds raised through its IPO and private placements to facilitate future acquisitions. The management team consists of two executives who are dedicated to identifying suitable targets for the company’s initial business combination.

Chain Bridge I

10-K / June 20, 2025

10-K / March 29, 2024

10-K / June 20, 2025

Company Summary

General Overview

Business Activities

Financial and Ownership Details

Team & Employees

Business Strategy & Criteria

No Current Customers, Revenue, or Income