Posted 14 December, 2023
Chain Bridge I appointed new CEO
CEO Change detected for ticker Nasdaq:CBRG in a 8-K filed on 14 December, 2023.
As of December 13, each current member of the board of directors of Chain Bridge I (the "Company") and the Company's chief executive officer have tendered their resignations from their positions as directors and/or officers of the Company effective upon the consummation of the transactions contemplated by the Securities Purchase Agreement (the "Agreement"), dated December 8, 2023 by and among the Company, Chain Bridge Group (the "Sponsor"), CB Co-Investment LLC ("CB Co-Investment" and, together with the Sponsor, the "Sellers") and Fulton AC I LLC ("Buyer").
$108M
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As of December 13, each current member of the board of directors of Chain Bridge I (the "Company") and the Company's chief executive officer have tendered their resignations from their positions as directors and/or officers of the Company effective upon the consummation of the transactions contemplated by the Securities Purchase Agreement (the "Agreement"), dated December 8, 2023 by and among the Company, Chain Bridge Group (the "Sponsor"), CB Co-Investment LLC ("CB Co-Investment" and, together with the Sponsor, the "Sellers") and Fulton AC I LLC ("Buyer"). Roger Lazarus shall continue in his role as chief financial officer. There were no disagreements between the current members of the Company's board of directors, its chief executive officer and the Company which led to their resignation.
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