Item 8.01 Other Events.
As previously disclosed in its definitive proxy statement dated as of April 19,
2023 (the "Definitive Proxy Statement"), Chain Bridge I (the "Company") will
hold an extraordinary general meeting of its shareholders on May 5, 2023 (the
"Special Meeting") to consider and vote upon the Extension Proposal (as defined
in the Definitive Proxy Statement) and, if necessary, the Adjournment Proposal
(as defined in the Definitive Proxy Statement).
The Company had identified a potential target company (the "Initial Target") for
a Business Combination and entered into a non-binding letter of intent to
consummate a Business Combination involving the Initial Target. The letter of
intent with the Initial Target has been terminated.
The Definitive Proxy Statement incorrectly reported that the Company's Board of
Directors fixed the close of business on March 29, 2023 as the date for
determining the Company's shareholders entitled to receive notice of and to vote
at the Special Meeting and any adjournment thereof. The Company's Board has
fixed the close of business on April 4, 2023 as the record date for determining
the Company's shareholders entitled to receive notice of and to vote at the
Special Meeting and any adjournment thereof (the "Record Date").
The per-share pro rata portion of the Trust Account (as defined in the
Definitive Proxy Statement) on March 29, 2023, after taking into account taxes
owed but not paid by such date (which is expected to be the same approximate
amount two business days prior to the Special Meeting), was approximately $10.44
per Public Share (as defined in the Definitive Proxy Statement). The closing
price of the Company's Ordinary Shares (as defined in the Definitive Proxy
Statement) on March 29, 2023 was $10.44.
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