0001845149--12-312024Q3false31910000.500P10D000.570618403358197817274010244628967243291168212301301006683575000041511345750000145425157500001361008957500000.090.090.050.050.150.150.210.212559000P3D031910005750000P3D1P10DP10D57500000001845149us-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2024-11-110001845149us-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300001845149us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001845149us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001845149CBRGU:CommonClassaSubjectToRedemptionMember2024-09-300001845149CBRGU:CommonClassaSubjectToRedemptionMember2024-06-300001845149CBRGU:CommonClassaSubjectToRedemptionMember2024-03-310001845149CBRGU:CommonClassaSubjectToRedemptionMember2023-12-310001845149CBRGU:CommonClassaSubjectToRedemptionMember2022-12-310001845149CBRGU:ChainBridgeGroupMemberCBRGU:FounderShareMemberCBRGU:SponsorMemberus-gaap:CommonClassBMember2021-10-012021-10-010001845149CBRGU:CbCoInvestmentMemberCBRGU:FounderShareMemberus-gaap:RelatedPartyMemberus-gaap:CommonClassBMember2021-10-012021-10-010001845149CBRGU:SponsorMember2024-01-012024-09-300001845149CBRGU:ChainBridgeGroupAndCbCoInvestmentMemberCBRGU:FounderShareMemberCBRGU:CbCoInvestmentMemberus-gaap:CommonClassBMember2021-02-032021-02-030001845149us-gaap:ForwardContractsMemberus-gaap:CommonClassAMember2024-01-012024-09-300001845149us-gaap:ForwardContractsMemberCBRGU:RedeemableWarrantsExercisableForClassCommonStockMember2024-01-012024-09-300001845149CBRGU:ChainBridgeGroupMemberCBRGU:FounderShareMemberCBRGU:SponsorMemberus-gaap:CommonClassBMember2021-02-032021-02-030001845149CBRGU:CbCoInvestmentMemberCBRGU:FounderShareMemberus-gaap:CommonClassBMember2021-02-032021-02-030001845149CBRGU:FounderShareMemberus-gaap:CommonClassBMember2021-02-032021-02-030001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-01-012024-03-310001845149us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-01-012024-03-310001845149us-gaap:RetainedEarningsMember2024-09-300001845149us-gaap:AdditionalPaidInCapitalMember2024-09-300001845149us-gaap:RetainedEarningsMember2024-06-300001845149us-gaap:AdditionalPaidInCapitalMember2024-06-3000018451492024-06-300001845149us-gaap:RetainedEarningsMember2024-03-310001845149us-gaap:AdditionalPaidInCapitalMember2024-03-3100018451492024-03-310001845149us-gaap:RetainedEarningsMember2023-12-310001845149us-gaap:AdditionalPaidInCapitalMember2023-12-310001845149us-gaap:RetainedEarningsMember2023-09-300001845149us-gaap:RetainedEarningsMember2023-06-3000018451492023-06-300001845149us-gaap:RetainedEarningsMember2023-03-3100018451492023-03-310001845149us-gaap:RetainedEarningsMember2022-12-310001845149us-gaap:AdditionalPaidInCapitalMember2022-12-310001845149CBRGU:PublicWarrantsMemberus-gaap:FairValueInputsLevel1Member2024-09-300001845149CBRGU:PrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Member2024-09-300001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Member2024-09-300001845149CBRGU:PublicWarrantsMemberus-gaap:FairValueInputsLevel1Member2023-12-310001845149CBRGU:PrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Member2023-12-310001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Member2023-12-310001845149us-gaap:IPOMember2021-11-150001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-09-300001845149us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-09-300001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-06-300001845149us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-06-300001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-03-310001845149us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-03-310001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2023-12-310001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2023-09-300001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2023-06-300001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2023-03-310001845149us-gaap:CommonClassBMemberus-gaap:CommonStockMember2022-12-310001845149us-gaap:CommonClassAMemberus-gaap:CommonStockMember2022-12-310001845149CBRGU:PrivatePlacementWarrantsMemberus-gaap:IPOMember2024-09-300001845149CBRGU:PrivatePlacementWarrantsMemberus-gaap:IPOMember2021-11-150001845149CBRGU:CbCoInvestmentMemberCBRGU:ConvertibleNoteRelatedPartyMemberus-gaap:RelatedPartyMember2024-01-012024-09-300001845149CBRGU:UnsecuredNonInterestBearingConvertiblePromissoryNoteMember2024-01-012024-09-300001845149CBRGU:BridgeFinancingNotesMember2024-01-012024-09-300001845149CBRGU:PrivatePlacementWarrantsMemberCBRGU:SponsorMemberus-gaap:PrivatePlacementMember2021-11-152021-11-150001845149CBRGU:CbgMemberCBRGU:PrivatePlacementWarrantsMemberus-gaap:IPOMember2021-11-152021-11-150001845149CBRGU:PrivatePlacementWarrantsMemberus-gaap:IPOMember2021-11-152021-11-150001845149us-gaap:RelatedPartyMember2023-01-012023-09-300001845149us-gaap:WarrantMemberus-gaap:IPOMember2021-11-152021-11-150001845149CBRGU:AdministrativeServicesAgreementMemberCBRGU:SponsorMember2024-09-300001845149CBRGU:AdministrativeServicesAgreementMemberCBRGU:SponsorMember2023-12-310001845149CBRGU:AdministrativeServicesAgreementMemberCBRGU:SponsorMember2023-12-290001845149us-gaap:RetainedEarningsMember2024-07-012024-09-300001845149us-gaap:RetainedEarningsMember2024-04-012024-06-3000018451492024-04-012024-06-300001845149us-gaap:RetainedEarningsMember2024-01-012024-03-3100018451492024-01-012024-03-310001845149us-gaap:RetainedEarningsMember2023-07-012023-09-300001845149us-gaap:RetainedEarningsMember2023-04-012023-06-300001845149us-gaap:RetainedEarningsMember2023-01-012023-03-3100018451492023-01-012023-03-310001845149CBRGU:UnsecuredNonInterestBearingConvertiblePromissoryNoteMember2024-09-300001845149CBRGU:UnsecuredNonInterestBearingConvertiblePromissoryNoteMember2023-12-310001845149us-gaap:MeasurementInputSharePriceMember2023-05-100001845149us-gaap:MeasurementInputRiskFreeInterestRateMember2023-05-100001845149us-gaap:MeasurementInputPriceVolatilityMember2023-05-100001845149us-gaap:MeasurementInputExpectedTermMember2023-05-100001845149CBRGU:MeasurementInputProbabilityOfCompletingBusinessCombinationMember2023-05-100001845149CBRGU:CommonClassaNotSubjectToRedemptionMember2024-07-012024-09-300001845149CBRGU:CommonClassaSubjectToRedemptionMember2024-01-012024-09-300001845149CBRGU:CommonClassaNotSubjectToRedemptionMember2024-01-012024-09-300001845149CBRGU:CommonClassaSubjectToRedemptionMember2023-07-012023-09-300001845149CBRGU:CommonClassaNotSubjectToRedemptionMember2023-07-012023-09-300001845149CBRGU:CommonClassaSubjectToRedemptionMember2023-01-012023-09-300001845149CBRGU:CommonClassaNotSubjectToRedemptionMember2023-01-012023-09-300001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputSharePriceMember2024-09-300001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputRiskFreeInterestRateMember2024-09-300001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputPriceVolatilityMember2024-09-300001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputExpectedTermMember2024-09-300001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputExpectedDividendRateMember2024-09-300001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputExercisePriceMember2024-09-300001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputSharePriceMember2023-12-310001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputRiskFreeInterestRateMember2023-12-310001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputPriceVolatilityMember2023-12-310001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputExpectedTermMember2023-12-310001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputExpectedDividendRateMember2023-12-310001845149CBRGU:ContingentlyIssuablePrivatePlacementWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MeasurementInputExercisePriceMember2023-12-310001845149CBRGU:BridgeFinancingNotesMember2024-09-300001845149CBRGU:BridgeFinancingNotesMember2024-06-260001845149CBRGU:CbCoInvestmentMember2024-01-012024-09-300001845149CBRGU:InEventOfConsummationOfBusinessCombinationMemberCBRGU:PrivatePlacementWarrantsMember2023-12-292023-12-290001845149CBRGU:InEventOfConsummationOfBusinessCombinationMember2023-12-292023-12-290001845149CBRGU:FultonAcMemberCBRGU:InEventOfConsummationOfBusinessCombinationMember2024-01-012024-09-300001845149CBRGU:ChainBridgeGroupMemberCBRGU:InEventOfConsummationOfBusinessCombinationMember2024-01-012024-09-300001845149CBRGU:CbCoInvestmentMemberCBRGU:InEventOfConsummationOfBusinessCombinationMember2024-01-012024-09-300001845149CBRGU:FultonAcMemberCBRGU:InEventOfConsummationOfBusinessCombinationMemberCBRGU:LoanConversionWarrantsMember2023-12-292023-12-290001845149CBRGU:FultonAcMemberCBRGU:InEventOfNotConsummationOfBusinessCombinationMemberCBRGU:PrivatePlacementWarrantsMember2023-12-292023-12-290001845149CBRGU:CbgMemberCBRGU:InEventOfNotConsummationOfBusinessCombinationMemberCBRGU:PrivatePlacementWarrantsMember2023-12-292023-12-290001845149CBRGU:CbgMemberCBRGU:InEventOfConsummationOfBusinessCombinationMemberCBRGU:LoanConversionWarrantsMember2023-12-292023-12-290001845149CBRGU:CbCoInvestmentMemberCBRGU:InEventOfNotConsummationOfBusinessCombinationMemberCBRGU:PrivatePlacementWarrantsMember2023-12-292023-12-290001845149CBRGU:CbCoInvestmentMemberCBRGU:InEventOfConsummationOfBusinessCombinationMemberCBRGU:LoanConversionWarrantsMember2023-12-292023-12-290001845149srt:MaximumMemberCBRGU:WorkingCapitalLoansWarrantMember2024-09-300001845149us-gaap:CommonClassBMemberus-gaap:SubsequentEventMember2024-11-140001845149us-gaap:SubsequentEventMember2024-11-140001845149us-gaap:CommonClassBMember2024-02-070001845149us-gaap:CommonClassAMember2024-02-070001845149CBRGU:CommonClassaNotSubjectToRedemptionMember2024-09-300001845149CBRGU:CommonClassaNotSubjectToRedemptionMember2023-12-310001845149CBRGU:CbHoldingIncMemberCBRGU:PhytanixBioMemberCBRGU:CbrgClassbSharesMember2024-07-220001845149CBRGU:BusinessCombinationExtendedTerminationDateMemberus-gaap:CommonClassBMember2024-02-070001845149CBRGU:BusinessCombinationExtendedTerminationDateMemberus-gaap:CommonClassAMember2024-02-070001845149us-gaap:CommonClassBMember2023-12-310001845149CBRGU:PublicWarrantsMember2024-09-300001845149CBRGU:PrivatePlacementWarrantsMember2024-09-300001845149CBRGU:PublicWarrantsMember2023-12-310001845149CBRGU:PrivatePlacementWarrantsMember2023-12-310001845149us-gaap:ForwardContractsMember2021-11-150001845149CBRGU:PublicWarrantsMember2021-11-150001845149CBRGU:PrivatePlacementWarrantsMember2021-11-1500018451492021-11-150001845149CBRGU:FultonAcMemberus-gaap:CommonClassAMemberCBRGU:SecuritiesPurchaseAgreementMember2023-12-290001845149us-gaap:ForwardContractsMember2024-09-300001845149CBRGU:PublicWarrantsMemberus-gaap:CommonClassAMemberus-gaap:IPOMember2021-11-1500018451492023-09-3000018451492022-12-310001845149CBRGU:CbHoldingIncMemberCBRGU:PhytanixBioMember2024-07-222024-07-220001845149CBRGU:CbHoldingIncMemberCBRGU:PhytanixBioMemberus-gaap:ConvertiblePreferredStockMember2024-07-222024-07-220001845149us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMember2024-09-300001845149us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMember2023-12-310001845149us-gaap:SubsequentEventMember2024-12-160001845149us-gaap:SubsequentEventMember2024-11-160001845149us-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2024-11-140001845149CBRGU:AdministrativeServicesAgreementMemberCBRGU:SponsorMember2024-07-012024-09-300001845149CBRGU:AdministrativeServicesAgreementMemberCBRGU:SponsorMember2024-01-012024-09-300001845149CBRGU:AdministrativeServicesAgreementMemberCBRGU:SponsorMember2023-07-012023-09-300001845149CBRGU:AdministrativeServicesAgreementMemberCBRGU:SponsorMember2023-01-012023-09-3000018451492023-12-310001845149us-gaap:CommonClassBMember2024-11-180001845149us-gaap:CommonClassAMember2024-11-180001845149CBRGU:WarrantsEachWholeWarrantExercisableForOneShareOfClassCommonStockAtExercisePriceMember2024-11-180001845149CBRGU:ShareUnitMember2024-11-180001845149CBRGU:PublicWarrantsMember2024-01-012024-09-300001845149us-gaap:OverAllotmentOptionMember2021-11-152021-11-150001845149us-gaap:IPOMember2021-11-152021-11-150001845149CBRGU:CbCoInvestmentMember2023-12-292023-12-290001845149CBRGU:PrivatePlacementWarrantsMember2021-11-152021-11-150001845149us-gaap:IPOMember2024-01-012024-09-3000018451492024-07-222024-07-220001845149CBRGU:BusinessCombinationExtendedTerminationDateMember2024-02-072024-02-070001845149CBRGU:CommonClassaSubjectToRedemptionMember2023-01-012023-12-310001845149CBRGU:CommonClassaSubjectToRedemptionMember2023-05-122023-05-120001845149CBRGU:CommonClassaSubjectToRedemptionMember2023-05-102023-05-100001845149CBRGU:FultonAcMemberus-gaap:CommonClassBMemberCBRGU:SecuritiesPurchaseAgreementMember2023-12-292023-12-290001845149CBRGU:FultonAcMember2023-12-292023-12-290001845149CBRGU:ChainBridgeGroupAndCbCoInvestmentMemberus-gaap:CommonClassBMember2024-02-072024-02-070001845149CBRGU:ChainBridgeGroupMemberus-gaap:CommonClassBMember2023-12-292023-12-290001845149srt:MaximumMemberCBRGU:AmendedAndRestatedAdministrativeServicesAgreementMemberCBRGU:SponsorMember2022-07-142022-07-140001845149CBRGU:AdministrativeServicesAgreementMemberCBRGU:SponsorMember2021-11-092021-11-090001845149CBRGU:CommonClassaSubjectToRedemptionMember2024-07-012024-09-300001845149CBRGU:CommonClassaSubjectToRedemptionMember2024-04-012024-06-300001845149CBRGU:CommonClassaSubjectToRedemptionMember2024-01-012024-03-310001845149CBRGU:CbCoInvestmentMemberus-gaap:IPOMember2024-01-012024-09-300001845149CBRGU:UnsecuredNonInterestBearingConvertiblePromissoryNoteMember2024-05-092024-05-0900018451492021-11-092021-11-090001845149CBRGU:FounderShareMemberus-gaap:CommonClassBMember2024-01-012024-09-300001845149CBRGU:CbCoInvestmentMemberCBRGU:InEventOfConsummationOfBusinessCombinationMemberCBRGU:ConvertibleNoteRelatedPartyMember2024-01-012024-09-300001845149CBRGU:PublicWarrantsMemberus-gaap:CommonClassAMemberus-gaap:IPOMember2021-11-152021-11-150001845149us-gaap:CommonClassAMember2024-01-012024-09-300001845149CBRGU:NonRedemptionAgreementsMember2023-05-102023-05-100001845149CBRGU:ChainBridgeGroupAndCbCoInvestmentMemberCBRGU:FounderShareMemberus-gaap:CommonClassBMember2024-09-300001845149CBRGU:FounderShareMemberus-gaap:CommonClassBMember2021-11-150001845149us-gaap:ForwardContractsMember2024-01-012024-09-300001845149us-gaap:CommonClassAMemberus-gaap:IPOMember2021-11-152021-11-150001845149CBRGU:ChainBridgeGroupAndCbCoInvestmentMemberus-gaap:CommonClassAMember2024-02-072024-02-070001845149CBRGU:BusinessCombinationExtendedTerminationDateMemberus-gaap:CommonClassAMember2024-02-072024-02-070001845149CBRGU:ChainBridgeGroupAndCbCoInvestmentMemberus-gaap:CommonClassAMember2023-12-292023-12-290001845149us-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2024-11-142024-11-140001845149us-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2024-11-112024-11-110001845149srt:ChiefFinancialOfficerMemberus-gaap:RestrictedStockUnitsRSUMember2023-06-150001845149srt:ChiefFinancialOfficerMemberus-gaap:RestrictedStockUnitsRSUMember2023-06-140001845149srt:DirectorMemberus-gaap:RestrictedStockUnitsRSUMember2022-10-130001845149srt:ChiefFinancialOfficerMemberus-gaap:RestrictedStockUnitsRSUMember2024-04-010001845149srt:DirectorMemberus-gaap:RestrictedStockUnitsRSUMember2024-02-210001845149CBRGU:ChainBridgeGroupMemberCBRGU:FounderShareMemberCBRGU:SponsorMemberus-gaap:CommonClassBMember2021-11-092021-11-090001845149CBRGU:CbCoInvestmentMemberCBRGU:FounderShareMemberus-gaap:CommonClassBMember2021-04-092021-04-0900018451492024-02-2100018451492023-12-290001845149srt:DirectorMemberus-gaap:RestrictedStockUnitsRSUMember2024-02-212024-02-210001845149srt:ChiefFinancialOfficerMemberus-gaap:RestrictedStockUnitsRSUMember2023-12-292023-12-290001845149CBRGU:PaulBaronMemberus-gaap:RestrictedStockUnitsRSUMember2023-12-292023-12-290001845149CBRGU:LewisSilbermanMemberus-gaap:RestrictedStockUnitsRSUMember2023-12-292023-12-290001845149srt:ChiefFinancialOfficerMember2023-12-292023-12-290001845149CBRGU:PaulBaronMember2023-12-292023-12-290001845149CBRGU:LewisSilbermanMember2023-12-292023-12-290001845149srt:DirectorMemberus-gaap:RestrictedStockUnitsRSUMember2022-10-132022-10-1300018451492024-04-012024-04-010001845149us-gaap:IPOMember2024-09-300001845149us-gaap:SubsequentEventMember2024-10-292024-10-2900018451492023-05-122023-05-120001845149CBRGU:AdditionalConvertibleNoteRelatedPartyMemberCBRGU:SponsorMember2022-11-160001845149CBRGU:CbCoInvestmentMember2021-11-150001845149CBRGU:FultonAcMember2024-02-162024-02-160001845149CBRGU:FultonAcMember2023-12-292023-12-290001845149CBRGU:FultonAcMemberCBRGU:UnsecuredNonInterestBearingConvertiblePromissoryNoteMember2023-12-290001845149CBRGU:ChainBridgeGroupMemberCBRGU:AdditionalConvertibleNoteRelatedPartyMemberCBRGU:SponsorMember2022-11-1600018451492021-11-090001845149CBRGU:FultonAcMember2023-12-290001845149us-gaap:FairValueInputsLevel3Member2023-09-300001845149us-gaap:FairValueInputsLevel3Member2023-06-300001845149us-gaap:FairValueInputsLevel3Member2023-03-310001845149us-gaap:FairValueInputsLevel3Member2022-12-310001845149us-gaap:CommonClassBMember2024-09-300001845149us-gaap:CommonClassAMember2023-12-310001845149CBRGU:RedemptionOfWarrantPricePerShareEqualsOrExceeds18.00Member2024-09-300001845149CBRGU:RedemptionOfWarrantPricePerShareEqualsOrExceeds10.00Member2024-09-300001845149CBRGU:CbCoInvestmentMemberCBRGU:InEventOfConsummationOfBusinessCombinationMemberCBRGU:AdditionalConvertibleNoteRelatedPartyMember2024-09-300001845149CBRGU:CbCoInvestmentMemberCBRGU:ConvertibleNoteRelatedPartyMemberus-gaap:RelatedPartyMember2024-09-300001845149CBRGU:ChainBridgeGroupMemberCBRGU:PrivatePlacementWarrantsMemberCBRGU:AdditionalConvertibleNoteRelatedPartyMemberus-gaap:RelatedPartyMember2022-11-160001845149CBRGU:PrivatePlacementWarrantsMemberCBRGU:SponsorMember

SEC Form 10-Q filed by Chain Bridge I