Chain Bridge I CBRRF

Chain Bridge I is a blank check company incorporated as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company has not generated any operating revenues to date and does not expect to generate operating revenues until it consummates its initial business combination. Its efforts to date have been limited to organizational activities and activities related to its Initial Public Offering, which was consummated in November 2021. The company seeks to advance the innovation economy by offering an alternate path to the public markets and partnering with founders, operators, and entrepreneurs to build a successful public company. It has held introductory conversations with a number of companies and identified several potential target companies believed to be compelling opportunities for a business combination.

Chain Bridge I generates no operating revenues and does not expect to generate operating revenues until it completes its initial business combination. The company’s primary source of funds for a potential business combination consists of the proceeds from its Initial Public Offering, the sale of private placement warrants, and various loans and notes entered into with affiliated parties. These include the Fulton AC loan, the C/M Note, the Exchange Note, and the Bridge Financing Note, which have been used to pay for working capital, fees, expenses, and other general corporate purposes related to identifying and completing a business combination. The company does not have any products or services and serves no customers in the traditional sense, as it is a special purpose acquisition company seeking to combine with an operating business.

The company operates through the following segments:

Chain Bridge I operates in the highly competitive blank check company or special purpose acquisition company (SPAC) industry, where numerous entities seek to raise capital through an initial public offering with the intent of acquiring a private operating business. The company faces intense competition from other SPACs, private equity groups, leveraged buyout funds, public companies, and operating businesses pursuing strategic acquisitions. Many of these competitors possess greater financial, technical, human, and other resources, which limits Chain Bridge I’s ability to acquire larger partner businesses. Its competitive advantages lie in its seasoned management team with extensive experience in SPAC transactions across different market environments, its extensive global network of relationships that creates a pipeline of opportunities with strong growth prospects, its unique capabilities in executing and supporting business combinations, and its understanding of global financial markets and corporate strategy.

Chain Bridge I does not have a customer base in the conventional sense, as it is a blank check company without ongoing operations or revenue-generating activities. The company’s intended customers are the future shareholders of the operating business it seeks to acquire through its initial business combination. Until such a combination is completed, the company interacts primarily with its sponsors (CBG and CB Co-Investment), affiliated parties such as Fulton AC, potential target businesses, and investors in its public securities. It does not serve end consumers or commercial clients in any industry, as it has no operations, products, or services to offer.