Chain Bridge I (CBRRF) is a special purpose acquisition company (SPAC) that raised capital through an initial public offering to identify and complete a merger or acquisition with a private operating business. The company holds IPO proceeds in a trust account and generates no operating revenue. Its economic model depends entirely on completing an initial business combination before the November 15, 2026 deadline, after which the company must liquidate and redeem public shares. As of the 10-K filed April 1, 2026, the company had 3,014,736 Class A ordinary shares and 3,191,000 Class B ordinary shares outstanding following prior redemption events. Sponsor Fulton AC contributed monthly trust contributions of $4,557 beginning November 16, 2024. No definitive acquisition agreement had been signed as of the filing date. The company is incorporated as a Cayman Islands entity and qualifies as an emerging growth company under the JOBS Act.

Revenue model

No operating revenue. Capital is held in a trust account following the IPO. Returns to shareholders occur only through redemption of Class A ordinary shares upon a completed business combination or liquidation by November 15, 2026.

Products and services

Trust account holding IPO proceeds pending an initial business combination. Class A and Class B ordinary shares and warrants issued to public and sponsor investors respectively.

Customers and end markets

Public shareholders holding Class A ordinary shares. Sponsor Fulton AC I, LLC holding Class B ordinary shares and private placement warrants. Target end market is undisclosed private operating businesses under evaluation as potential acquisition targets.

Value-chain role

Blank-check acquisition vehicle. Identifies, evaluates, and negotiates with private companies as potential merger or acquisition targets. Has not entered any definitive agreements as of the 10-K filed April 1, 2026.

Source: SEC 10-K, filed 2026-04-01

Industry: Blank Checks