- Chain Bridge I (CBRGU) has opened at $10.06 after the company raised $200M by pricing its 20M units IPO at $10/unit.
- Underwriters granted 45-day option to purchase up to 3M additional units.
- Each unit consists of one Class A ordinary share and one-half of one redeemable warrant with warrant holder entitled to purchase one Class A ordinary share.
- The offering is expected to close on Nov.15.
- Post securities commence trading, the Class A ordinary shares and redeemable warrants are expected to be traded on Nasdaq under the symbols "CBRG" and "CBRGW", respectively.