Chain Bridge I (CBRGU) Prices $200M IPO


Chain Bridge I (CBRGU) Prices $200M IPO

Chain Bridge I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CBRGU” Wednesday, November 10.

The new SPAC intends to focus its efforts on identifying a prospective target company possessing emerging, innovative technology that can help the U.S. government and its allies successfully compete in the national security arena. Chain Bridge I is led by Chairman of the Board Christopher Darby, CEO Michael Rolnick, and CFO Roger Lazarus.

Total SPAC deal count for 2021 year-to-date is now 535. This offering is expected to close on Monday, November 15.

Cowen and Wells Fargo Securities are acting as joint book-running managers. Goodwin Procter LLP is serving as Issuer’s Counsel with DLA Piper LLP (US) serving as Underwriter’s Counsel.  Frank, Rimerman +Co. LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.